date:Jan 14, 2013
Yum! Brands fulfilled its own prophecy that sales in China would decline in the coming months. The company had anticipated a 4% drop, but now expects to see a 6% decline.
Yum! Brands is the home of KFC, Pizza Hut, and Taco Bell. KFC suffered from some negative publicity over the past quarter, which adversely impacted sales. Chinese food regulators announced an investigation into claims that the company's suppliers injected growth hormones and antiviral agents into some chicken products sold at