Yum China Reports Fourth Quarter and Full Year 2020 Results
Yum China Holdings, Inc. reported unaudited results for the fourth quarter and year ended December 31, 2020.
Impact of COVID-19 Outbreak and Mitigation Efforts
Fourth quarter operations improved sequentially from the third quarter. The Company's primary focus continues to be safety, efficiency and sales recovery. To counter the pandemic impact, we ran strong value and digital campaigns to drive traffic. Delivery and takeaway remained popular, while dine-in recovered sequentially. Proactive cost structure realignment, productivity improvements and one-off cost savings helped...
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