: Yum China stock up after earnings, but execs downcast on October and beyond as COVID, inflation weigh
Shares of Yum China Holdings Inc. YUMC reported third-quarter per-share profit that topped expectations, and said it expected to continue opening stores as planned this year even as COVID-19 restrictions and inflation fears weigh on business. The company — which runs KFC, Pizza Hut and Taco Bell restaurants in China — reported net income of $206 million, or 49 cents a share, compared with $104 million, or 25 cents a share, in the prior-year period. Adjusted earnings were also 49 cents a share. Читать дальше...