date:Feb 11, 2014
d operating profit grew 5 percent.
Overall, the company reported last Monday a 9 percent decline in earnings per share (EPS) to $2.97, which was driven by significant underperformance of our KFC business in China, said Pat Grismer, chief financial officer, in an earnings call.
The earnings report showed that annually, China sales declined 4 percent. Same-store sales declined 13 percent, compared to the 1 percent growth for Yum! Brand stores internationally. There was a 26 percent drop in ope