Investors who were looking forward to Yum Brands' October 31 spinoff of its China division were just thrown a splash of cold water -- one that came in the form of the company's third quarter earnings report. Though the company reported worldwide same store sales growth, its soon-to-be spun off China division proved to be enough of a drag on operations that Yum executives blamed its performance on an ongoing dispute over the South China Sea.
Investors who were looking forward to Yum Brands' October 31 spinoff of its China division were just thrown a splash of cold water -- one that came in the form of the company's third quarter earnings report. Though the company reported worldwide same store sales growth, its soon-to-be spun off China division proved to be enough of a drag on operations that Yum executives blamed its performance on an ongoing dispute over the South China Sea.
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