Yum China Reports Fourth Quarter and Full Year 2021 Results
Yum China Holdings, Inc. today reported unaudited results for the fourth quarter and year ended December 31, 2021.
Impact of COVID-19 Outbreak and Mitigation Efforts
Multiple waves of Delta variant outbreaks persisted throughout the fourth quarter, spreading to nearly all provinces in China. Case counts in the fourth quarter were the highest since the first quarter of 2020. These widespread outbreaks resulted in more stringent public health measures nationwide in pursuit of a zero-COVID-19 case goal. These preventive measures, which include mass testing, regional lockdowns and travel...
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