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Yum Warns Its China Sales Unlikely To Rise In Fourth Quarter

Wochit 0:20 mins

By Lisa Baertlein (Reuters) - KFC parent Yum Brands Inc on Tuesday warned that sales at established restaurants in China, its top market, are unlikely to rebound in the fourth quarter, as it had expected, and its shares fell almost 7 percent in extended trading. Yum operates more restaurants in China than any other U.S. brand and said it remains confident in its business in the world's fastest-growing major economy that accounts for more than half of the company's overall operating profit. ...

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