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Foodservice Finds Momentum This Holiday Season Amid Shifting Consumer Spending
As the holidays approach and the year winds down, the foodservice industry competes with retail on how consumers stretch their dollars during "the most wonderful time of the year."
CNBC recently reported that, based on restaurant purchasing data, consumers continue to dine out, but many are opting for appetizer items instead of entrée menu options.
Despite the challenges of disease, supply issues, and rising costs, the American foodservice industry remains resilient and continues to find ways to tap into consumer spending this December, even as some consumers scale back.
Yum China Announces $460 Million Share Buyback in US and Hong Kong
Yum China Holdings entered into share repurchase agreements in the US and Hong Kong for a total repurchase amount of approximately $460 million for the first half of 2026, commencing on January 12, 2026. The agreement includes approximately US$350 million under Rule 10b5-1 of the United States Securities Exchange Act of 1934 in the US and approximately HK$880 million for a similar program in Hong Kong.
The share repurchase program agreements serve as a key element in...
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