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...Shares in Yum China shot up on Wednesday after sales at its Pizza Hut and KFC restaurants beat expectations despite a slowdown in the country’s economic growth....
...Yum China, which operates brands such as KFC and Pizza Hut, added 655 new stores in the country in the first half of the year....
...China, which owns the KFC and Pizza Hut brands in China....
...Yum Brands did not respond to a request for comment....
...The operator of Pizza Hut and KFC in China booked earnings per share of 20 cents, well ahead of forecasts from analysts polled by Reuters, who expected the company to break even, but still 52 per cent lower...
...Yum China, which owns the KFC and Pizza Hut brands in China, is worth $21bn on US markets. Alibaba is audited by PwC in Hong Kong and Yum China is audited by KPMG Huazhen in mainland China....
...Plastic pollution motivated a cohort of investors in Restaurant Brands International, the company behind Burger King, and Yum Brands, the parent company of KFC, Pizza Hut, and Taco Bell, where 37 per cent...
...Yum Brands: The parent of Taco Bell, KFC and Pizza Hut fast food franchises is expected to post a third-quarter revenue decline, in a report before the bell....
...Yum China, owner of the KFC and Pizza Hut brands in the world’s biggest consumer market, has warned that the damage wrought from the latest coronavirus wave was “much more severe” than the initial pandemic...
...Lawyers advised Yum China on converting its secondary listing in Hong Kong into a dual-primary listing....
...Yum China’s network of KFC and Pizza Hut outlets has kept growing throughout the Covid-19 pandemic, even as the size of its workforce has remained steady, the group’s chief executive said....
...Yum ChinaO: 7; L: 8; I: 7; Total: 22The legal team at the fast food company, which owns the KFC and Pizza Hut brands in China, has developed tools to analyse the business’s Chinese-language contracts and...
...Starbucks and Yum China, the local owner of the KFC and Pizza Hut brands, are among the multinational groups warning of falling sales as President Xi Jinping’s unwavering zero-Covid policy erodes consumer...
...Yum Brands, which has more than 1,000 restaurants in Russia, said on Tuesday it was suspending operations of the KFC outlets it owns and finalising plans to suspend its Pizza Hut operations in partnership...
...Rival Hong Kong-listed Yum China, the Shanghai-based operator of KFC and Pizza Hut restaurants, has also been hit, with its stock falling almost 30 per cent during the same period....
...Earnings Yum Brands, the corporate parent of Taco Bell, KFC and Pizza Hut fast food franchises, is forecasted to report a revenue decline when it reveals third-quarter earnings before the bell....
...The company, which operates KFC, Pizza Hut and Taco Bell restaurants in China, will invite investment banks to pitch to be advisers for the potential listing later this week, according to people familiar...
...Yum Brands, which has more than 1,000 restaurants in Russia, also suspended operations of the KFC outlets it owns and finalised plans to suspend its Pizza Hut operations in partnership with its master franchisee...
...Deliveries accounted for about 30 per cent of KFC and Pizza Hut sales in the second quarter, up just 1 percentage point over the year....
...Yum Brands, which owns Pizza Hut and KFC, this month said it was also in the process of transferring its restaurants to a local operator....
...Yum China, which operates the KFC and Pizza Hut brands in the world’s largest consumer market and has a market value of $21bn, declined 15 per cent on Thursday....
...The US operator of KFC, Taco Bell and Pizza Hut restaurants trounced expectations for first-quarter results....
...But it also includes drinks companies Brown-Forman and Diageo; tobacco giants Altria Group and Philip Morris International; and purveyors of fast-food such as Domino’s Pizza and Yum Brands....
...Yum Brands, the company behind Taco Bell, Pizza Hut and KFC, also reported higher first-quarter revenues this week, as more consumers in developed markets such as the US and UK returned to restaurants....
...Yum China Holdings, a spin-off of the US parent company for Pizza Hut, KFC and other fast-food chains, has said its auditor, KPMG Huazhen LLP, cannot comply with the law and urged the SEC “to consider the...
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