KFC parent Yum slammed by chicken scare in China
Tuesday, February 5, 2013
NEW YORK (AP) —
Thanks for visiting NewsTribune.com, home of Central Missouri’s daily newspaper. We hope you’re enjoying our content and will consider purchasing a digital subscription today! Click Here to subscribe to our print edition with unlimited online access today.
A digital subscription entitles you to unlimited access to our online coverage. This includes local news and sports coverage, photo and video galleries, and more – the best of our print edition and beyond at the ease of when and where you want to read it.
Yum Brands warned Monday that it expects its profit for the year to decline as the parent company of KFC, Pizza Hut and Taco Bell continues to reel from a controversy over its chicken suppliers in China.
A drop in 2013 would snap an 11-year streak of double-digit profit growth.
The company, based in Louisville, Ky., gave the grim forecast after its profit in the fourth quarter fell 5 percent, with a key sales figure in China dropping.
For January and February, the company expects sales at restaurants open at least a year in China to plummet 25 percent.
Since an investigation aired on national Chinese television on Dec. 18, Yum has been dealing with an “onslaught of negative media attention” over its chicken suppliers, spokesman Jonathan Blum said. The TV station had reported that Yum’s suppliers were ignoring regulations and giving chickens unapproved levels of antibiotics.
Use the comment form below to begin a discussion about this content.
Please review our Policies and Procedures before registering or commenting