The company that owns Pizza Hut and KFC in China is warning that coronavirus will hurt business

  • 📰 CNN
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Business News News

Business Business Latest News,Business Business Headlines

Yum China, which operates KFC, Taco Bell and Pizza Hut in the country, warned that the deadly Wuhan coronavirus will hurt its business this year. So far, the company has temporarily closed more than 30% of its restaurants in China.

New York Yum China, which operates KFC, Taco Bell and Pizza Hut in the country, warned that the deadly coronavirus will hurt its business this year.

"As a result of the outbreak, the company may experience operating losses for the first quarter of 2020," the company said in a statement discussing 2019 financial results.So far, the company has temporarily closed more than 30% of its restaurants in China. The firm operates 9,200 restaurants — including about 6,500 KFC locations and roughly 2,300 Pizza Hut stores. The remaining restaurants include Little Sheep, East Dawning and COFFI & JOY, in addition to Taco Bell.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

realHanMei

All the business closings in China may just trigger a global recession.

人造肉只适用于素食者。纯金肉用健康的烧制工艺制作仍然重要。其中的营养成分有助于强身健体及聪脑。改进并创新烧制工艺和口味,将改变形象成健康有益食品。➡️帮助拓展全球市场,促进人类健康和强壮。改胖为壮。🙏🏻

Popeye chicken is way better than KFC!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines