Yum China third-quarter profit to take up to 60% hit as Delta variant slams sales

HomeStock

Yum China third-quarter profit to take up to 60% hit as Delta variant slams sales


Sept 14 (Reuters)KFC operator Yum China Holdings Inc 9987.HK said on Tuesday its adjusted operating profit would take a 50% to 60% hit in the third quarter as the spread of the Delta variant of the coronavirus in China led to restaurant closures and “sharply reduced sales.”

(Reporting by Uday Sampath in Bengaluru; Editing by Krishna Chandra Eluri)

(([email protected]; within U.S.+1 646 223 8780; Twitter: https://twitter.com/sampath_uday ;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





www.nasdaq.com