Yum! Brands stock price opened sharply down Friday as Wall Street digested the company's revised fourth quarter forecast. Yum's CEO, David Novak, told analysts he expected same-store sales in China to drop by about 4% for the fourth quarter, a dramatic drop considering the company … [Read more...]
McDonald’s Posts Weak Third Quarter Earnings
McDonald’s Corporation (MCD) shares fell 4.5 percent yesterday as the fast food giant reported weak third quarter earnings—its worst in nine years. Total third quarter revenues were $7.15 billion, unchanged from last year, however given constant currencies revenues they would have … [Read more...]
