10.12.2014 - In Yum Brands lowered its earnings forecast
Stock price of Yum Brands decreases on the background of revision of the company's profit forecast at fiscal 2015. The reason for the deterioration of sales forecasts and the company's profits, has been a slow recovery of positions following a scandal concerning the corporation’s supplier of meat products, which sold to restaurants expired meat products. In general, competition on the markets continues to grow, which negatively affects the prospects for growth in sales and financial performance as a whole. We expect the decline of the company's share price in the near future by 8-10%.