Yum: China sales setbacks to intensify in 2013

Yum: China sales setbacks to intensify in 2013

Growth targets remain unchanged for Taco Bell, KFC and Pizza Hut parent despite plummeting sales in China

Officials for Louisville, Ky.-based Yum! Brands Inc. told investors that sales would likely continue to plummet in its China division, leading to a projected decrease in annual earnings per share for 2013 —  the first such loss in more than a decade.

Same-store sales in Yum’s system of more than 5,400 restaurants in China fell 6 percent in the fourth quarter, a result

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