Yum: 2014 earnings 'disappointing'

Yum: 2014 earnings 'disappointing'

Problems in China offset strength at Taco Bell

Yum Brands Inc. reported Wednesday an $86 million loss in the fourth quarter, as continued weakness in China offset sales growth at Taco Bell and improving sales at KFC.

Excluding special items, Yum reported that earnings per share fell 29 percent, to 61 cents, from 86 cents the year before. For the full year, the company’s earnings per share rose 4 percent, to $3.09, from $2.97 in 2013.

The special item was a $361 million net charge in which Yum wrote

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