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Yum Brands Eaten Alive

By jnyaradi
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Courtesy of John Nyaradi.

Yum Brands gets pummeled on China Warning

yum brands, nyse:yumYum Brands (NYSE:YUM) parent company of KFC, Taco Bell,  Pizza Hut, and WingStreet plunged more than 6% on Wednesday after warning that the company’s sales in China would take a long time to recover.

The China (NYSEARCA:FXI) outlook is bad news for YUM! (NYSE:YUM) as 50% of the company’s profits come from China.

The problems have been caused by the recent bird flu outbreak in Asia along with a slowing economy in China that is dampening consumer spending.

Yum (NYSE:YUM) sales were down more than 10% for Q3 in its 6,000 restaurants in China.

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