Yum 'Likely to Lower' 2013 Forecast: Analyst
Posted on January 08, 2013 at 13:45 PM EST
Following Yum Brands' warning that fourth-quarter same-store sales had fallen more than expected in China, a forecast that sent the stock sliding on Tuesday, one analyst questioned to what extent this revision could be tied to weakening demand and said the company was likely to lower its 2013 forecast for same-restaurant sales growth in China.