Yum! Brands (YUM) Misses Q4 EPS by 13c, Revenues Beat
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Yum China warns of first-quarter losses, 2020 sales hit after virus outbreak
February 5, 2020 5:22 PM ESTBy Sophie Yu and Arunima Kumar
(Reuters) - KFC licensee Yum China (NYSE: YUMC) said it could report an operating loss in the first quarter and take a significant hit to sales and productivity due to a coronavirus outbreak in China, after it was forced to shut nearly a third of its stores.
The company's warning echoed that of U.S. cafe chain Starbucks (NASDAQ: SBUX), which said last week it would delay a planned increase to its outlook for the year and that it expected a material... More
