Fitch says China food safety concerns could taint profits
Late Monday, YUM confirmed its anticipated 6% decline in China SSS during the
fourth quarter and guided for a 25% decline in China SSS for January and
February combined. Based on the firm's internal intelligence, YUM expects SSS to
gradually improve through the year and turn positive during the fourth quarter.
The firm projects a mid-single digit decline in China SSS for the full 2013 year
to result in a corresponding mid-single digit decline in earnings.