Yum lowers 4Q sales guidance for China a second time

Yum lowers 4Q sales guidance for China a second time

Sales and traffic for KFC China decreased significantly in December following consumer reaction to a government review of China's poultry supply.

Louisville, Ky.-based Yum! Brands Inc. has warned investors for the second time in two months that same-store sales will fall in the fourth quarter in its crucial China division, revising the expected decline down further on fallout from KFC China’s supply chain controversy.

In a statement released Monday Yum updated its expectations for the China division’s fourth-quarter same-store sales down to a 6-percent decrease from a previously forecasted 4-percent decline. T

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