Sunday, December 10, 2023

Yum China just gave investors a new reason to worry about the Chinese economy

Must read

Yum China Holdings Inc. late Tuesday gave investors a fresh reason to worry about China’s economy.

Yum China’s shares YUMC fell about 9% in the extended session Tuesday after the owner of Pizza Hut, KFC and other fast-food brands in China missed Wall Street expectations for its third quarter, saying that “softening consumer demand” emerged in recent weeks, and cast doubt about its current quarter.


More articles

Leave a Reply

Latest article