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YUMC Yum China Holdings Inc

31.46
0.00 (0.00%)
Pre Market
Last Updated: 09:08:08
Delayed by 15 minutes
Share Name Share Symbol Market Type
Yum China Holdings Inc NYSE:YUMC NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 31.46 937 09:08:08

KFC Owner Says Stores in China Have Begun Reopening

23/03/2020 10:46am

Dow Jones News


Yum China (NYSE:YUMC)
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From Jul 2019 to Jul 2024

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By Dave Sebastian

 

Yum China Holdings Inc., which operates KFC, Pizza Hut and Taco Bell in China, said about 95% of its stores have either partially or fully reopened as reported cases of the novel coronavirus in the country slow down.

The company, a licensee of Yum! Brands Inc., on Monday said 10% to 20% of open stores only offer delivery and takeaway service, while others operate in reduced hours. Traffic at open stores remains still below pre-outbreak levels but is recovering slowly, the company said.

Store closures peaked last month with about 35% of restaurants closed, the company said.

Same-store sales in recent days were down about 20%, Yum China said. The company has said same-stores sales fell 40% to 50% during the Lunar New Year holiday period.

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

March 23, 2020 06:31 ET (10:31 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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