date:Feb 06, 2013
Things aren't so yummy in China these days for Yum! Brands, in the wake of bad publicity for its Kentucky Fried Chicken franchise there. It reported that lower sales in China hurt its
fourth-quarter earnings and that the decline is expected to carry into this year.
Same-store sales in China, where Yum! Has 4,200 KFC outlets and 800 Pizza Huts, declined six percent in the fourth quarter of 2012, after media reports that excessive antibiotics and hormones were found in some KFC chicken products.