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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 |
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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