Yum! Brands Dishes Out Not So Yummy Fourth Quarter Earnings
Keep an eye on shares of Yum! Brands (YUM) in Thursday's trading session. The parent company of Taco Bell, KFC, and Pizza Hut, posted mixed fourth quarter earnings.
Keep an eye on shares of Yum! Brands (YUM) in Thursday's trading session. The parent company of Taco Bell, KFC, and Pizza Hut, posted mixed fourth quarter earnings. The company posted a profit of 61 cents a share, which missed analysts' estimates. However, revenue for the period was stronger than analysts expected. In addition, Yum! warned that it's taking longer than expected for its China business to recover from a food scandal from back in July, involving its meat supplier. The fast food chain also said same store sales in China, fell more than it did a year ago. Despite the issues in China, Yum maintained its full-year guidance for 2015. TheStreet's Kurumi Fukushima reports in New York.
