Sales at Yum China, the nation’s largest fast food chain, fell for the second consecutive quarter in the three months ending June as the coronavirus pandemic discouraged local residents from dining out.
The operator of popular brands such as KFC and Pizza Hut reported Rmb1.9bn in total revenue in the second quarter, down 11 per cent from a year before. That compared with a 24 per cent drop in the first quarter.
Profits were also hit with net income plunging 26 per cent year-on-year in the second quarter, compared with a 72 per cent slump in the first quarter.
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