Judge denies defense‚Äôs DNA request in deaths of Shanann Watts, daughters
Latest updates: Homicides of Shanann Watts, daughters

Stock of company that owns Taco Bell tanks on lackluster sales report

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

(SAUL LOEB/AFP/Getty Images)

NEW YORK — Investors soured on Yum Brands stock after the company said Tuesday it’s not likely to hit its earnings goal for 2015.

The company’s stock dropped 16% during extended trading. A quarterly report released by Yum Brands Tuesday afternoon fell short of expectations.

Yum Brands include these fast food chains:

  • KFC
  • Pizza Hut
  • Taco Bell

The company said China hasn’t taken to the brands as well as projected, and the strong U.S. dollar also hurt its profits.

“While it remains difficult to forecast China sales, we are now estimating full-year same-store sales to be low-single-digit negative,” the company said in a press release.

AlertMe