Yum China (YUMC) Tops Q1 EPS by 34c, Revenues Beat, Same-Store Sales Down 15% YoY
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Yum China Reports First Quarter 2020 Results
April 28, 2020 4:30 PM EDTSHANGHAI, April 28, 2020 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC) today reported unaudited results for the first quarter ended March 31, 2020.
Impact of COVID-19 Outbreak and Mitigation EffortsÂ
As the COVID-19 outbreak progressed, Yum China further heightened its focus on safeguarding the health and safety of its employees and customers. The Company implemented stringent health measures at its restaurants and workplaces, and provided extended healthcare and other support to employees.
First quarter operations were significantly affected by the outbreak. Working closely with local... More
