Yum China Reports Second Quarter 2020 Results
Yum China Holdings, Inc. reported unaudited results for the second quarter ended June 30, 2020.
Impact of COVID-19 Outbreak and Mitigation Efforts
Second quarter operations improved since the COVID-19 outbreak. More than 99% of stores in China are now open, with sales and profits trending unevenly. Sales improved sequentially in April and May but softened in June. Sales were primarily impacted by significantly reduced traffic at transportation and tourist locations, delayed and shortened school holidays and resurging regional infections. These factors and the lingering effect of COVID-19 continue to...
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