Yum China third-quarter profit to take up to 60% hit as Delta variant slams sales By Reuters
© Reuters. FILE PHOTO: A KFC restaurant is seen in Shanghai, China March 12, 2019. REUTERS/Aly Song
(Reuters) – KFC operator Yum China Holdings (NYSE:) Inc said on Tuesday its adjusted operating profit would take a 50% to 60% hit in the third quarter as the spread of the Delta variant of the coronavirus in China led to restaurant closures and “sharply reduced sales.”
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