Yum China (YUMC) Tops Q2 EPS by 11c, Sales Miss
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Yum China Reports Second Quarter 2020 Results
July 29, 2020 4:30 PM EDTSHANGHAI, July 29, 2020 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC) today reported unaudited results for the second quarter ended June 30, 2020.
Impact of COVID-19 Outbreak and Mitigation EffortsÂ
Second quarter operations improved since the COVID-19 outbreak. More than 99% of stores in China are now open, with sales and profits trending unevenly. Sales improved sequentially in April and May but softened in June. Sales were primarily impacted by significantly reduced traffic at transportation and tourist locations, delayed and shortened school holidays and resurging regional... More
