Yum Brands warned that its same-store sales in China will fall by 3% in 2010. That’s quite a turnaround from the rising same-store sales Yum Brands (Pizza Hut and KFC) have enjoyed in China but it is a heck of a lot better than the 8% drop Yum expects in its U.S. stores.
After making $45 million in 2008 and $50 million in 2009 in currency gains, Yum Brands may have a hard time making as much from the falling dollar.
More on this topic
(What's this?)
Capitalize on China’s Growth with these dividend stocks
(Dividend Growth Investor, 3/10/10)
Jim Chanos Is Wrong About Investing in China
(Investment U, 3/3/10)
Thinking the Unthinkable: What if China Devalues the Renminbi?
(naked capitalism, 2/18/10)
WHAT CHINESE MALLS TELL US ABOUT THE ECONOMIC REALITY
(THE PRAGMATIC CAPITALIST, 2/22/10)
Related Posts
- Yum Brands says U.S. stinks, China rocks (04/24/09)
- Yum Brands has big plans for India (12/22/09)
- Strong profits at Yum Brands…thanks to China. (10/07/09)
- Booming business in China for Yum Brands (02/05/09)
- Thanks to China, Yum Brands profits rise (07/18/08)
{ 0 comments… add one now }