Earnings Results: Yum China just gave investors a new reason to worry about the Chinese economy

by | Oct 31, 2023 | Stock Market

Yum China Holdings Inc. late Tuesday gave investors a fresh reason to worry about China’s economy. Yum China’s shares YUMC fell about 9% in the extended session Tuesday after the owner of Pizza Hut, KFC and other fast-food brands in China missed Wall Street expectations for its third quarter, saying that “softening consumer demand” emerged in recent weeks, and cast doubt about its current quarter. Quarterly…

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