Yum lowers earnings estimates on China woes

Yum lowers earnings estimates on China woes

Company remains committed to double-digital earnings growth in 2015

Yum! Brands Inc. lowered its earnings estimates for the full year this week, after same-store sales in China have taken longer to recover than the company expected.

The company said same-store sales for the full year in China will be in the “mid-single digits,” and that full-year earnings per share growth would be in the mid-single digits. The company had expected EPS growth of 6 percent to 10 percent.

Yum sa

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