By Chinese Food Safety Scandal KFC in China used to be an unstoppable juggernaut. Now it’s retreating over food safety. Yum! Brands, the parent company of KFC, Taco Bell, and Pizza Hut, reported third quarter earnings on Tuesday afternoon and missed consensus analyst estimates. Yum! posted earnings per share of $0.87, narrowly lower than the $0.88 consensus, and revenue of $3.35 billion, also below the $3.45 billion estimate. The main problem was in China, where overall system sales fell 9%, and…
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