Yum China (NYSE:YUMC)
warns that the coronavirus outbreak is likely to have a materially
adverse impact on the restaurant company’s operating and financial
results for Q1 and FY20.
Management notes same-store sales fell 40% to 50%
at stores that have been open since the Chinese New Year. Many Yum China
stores were closed during the period.
During Q4 (before the outbreak), comparable sales rose 2.0% to edge past the 1.8% consensus estimate.
Shares of Yum China are down 2.97% AH.
https://seekingalpha.com/news/3538940-yum-chinaminus-3-after-coronavirus-update
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