This article only represents the author's own views.
The latest quarterly report from Yum China Holdings Inc. (YUMC.US; 9987.HK) could well be titled “Surviving and thriving in uncertain times.”
China’s largest restaurant operator delivered record revenue and an operating profit that exceeded pre-pandemic levels in the second quarter, even as it also noted that same-store sales remained below pre-pandemic levels. At the same time, signs of an uncertain recovery from three years of Covid-induced challenges, which the company first flagged in May, were peppered throughout its latest financial report issued on Monday.
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