Yum net income falls 32% in 2013

Yum net income falls 32% in 2013

13% decline in China same-store sales drags down results

Yum! Brands Inc. ended a tumultuous fiscal 2013 with a 13-percent decline in full-year same-store sales in its important China division. The drop contributed heavily to a 32-percent slide in net income to $1.09 billion, or $2.36 per share.

In addition to the 15-percent decrease in same-store sales for the year at KFC in China, where fears about avian flu and the quality of that nation’s poultry supply decimated the chain’s momentum, Louisville, Ky.-based Yum also

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