Wed October 9, 2013
Health Scares In China Hurt Yum Brands' Profits
Originally published on Wed October 9, 2013 4:55 am
The owner of KFC and Pizza Hut has reported a near 70 percent drop in profits this quarter. Yum Brands relies on operations in China for three quarters of its revenue. Recent food safety issues and a bird flu outbreak there hit the company especially hard.