KFC parent cuts profit expectations in half

Yum Brands cut its profit expectations in half as it continues to deal with the fallout of a Chinese meat scandal over the summer.

While the company initially expected a 20 percent earnings boost, it has brought that expectation down to 6 percent to 10 percent growth, according to CNNMoney.

As the scandal unfolded, the parent of KFC, Taco Bell and Pizza Hut said sales were slumping and cautioned investors it would take a hit.

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