Shares of Yum! Brands (YUM) lost almost 10% of their value on Friday. The fast food restaurant operator known from franchises such as KFC, Pizza Hut and Taco Bell, reconfirmed its full year outlook and issued its outlook for the coming year. Poor performance of the Chinese division and a cautious outlook send shares lower.
Update
Yum! Brands confirmed its full year 2012 outlook ahead of its annual investor meeting. Full year 2012 earnings per share growth is expected to come in at least 13%, with earnings per share coming in at $3.24, excluding special items.
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