Yum China warns quarterly profit to take over 50per cent

yum china warns quarterly profit to take over 50per cent

Sumary of Yum China warns quarterly profit to take over 50per cent:

  • KFC operator Yum China Holdings Inc said on Tuesday its adjusted operating profit would take a 50 per cent to 60per cent hit in the third quarter as the spread of the Delta variant in China led to restaurant closures and “sharply reduced sales”.
  • US-listed shares of Yum China fell 3 per cent in extended trading.

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