Yum! stock skids on China chicken fallout
Feb. 5, 2013, 10:19 a.m. ESTBy Saumya Vaishampayan
NEW YORK (MarketWatch) -- Yum! Brands Inc. YUM -4.14% shares fell 3.5% on Tuesday to $61.70, the third-worst performance on the Standard & Poor's 500 Index SPX +1.08% . The fast-food chain said late Monday its earnings fell 5.3% in the fourth quarter as a Chinese government review of poultry supplies hurt same-store sales in China. The company said it doesn't expect earnings growth this year. Yum! Brands, which owns Taco Bell, KFC and Pizza Hut, said profit fell to $337 million, or 72 cents a share, from $356 million, or 75 cents a share, in the year-ago period.
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