Yum China to open KFC outlets at Chinese gas stations [Reuters]
Yum China Holdings, Inc. (YUMC)
Last yum china holdings, inc. earnings: 4/28 04:30 pm
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Source: Reuters
Yum China to open KFC outlets at Chinese gas stations | Reuters 4 Min Read SHANGHAI (Reuters) - Yum China Holdings is partnering with China’s two biggest state oil giants to open franchise fast-food outlets at gas stations in the country, in a bid to tap new growth areas as the domestic economy slows. More than 100 outlets, likely KFC restaurants, will be opened at gas stations owned by Sinopec Corp and China National Petroleum Corporation (CNPC) over the next three years, Yum China said on Tuesday, without giving any financial details. The two Chinese oil firms collectively operate over 50,000 gas stations in the country. “It’s something quite new for both of us, we’re going to open some stores and figure out the economics, once we figure out the economics then we can be more specific on the financials,” Yum China’ Chief Executive Joey Wat told Reuters in an interview after an investor day it held in Shanghai. “We only have a very modest goal in the coming three years,” The New York-
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YUMC
News
- Yum! Brands, Inc. (NYSE:YUM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Yum China Holdings, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year [Yahoo! Finance]Yahoo! Finance
- China travel surges for May holiday but consumers remain wary [Reuters]Reuters
- Yum China Holdings, Inc. (NYSE:YUMC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Yum! Brands (YUM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
YUMC
Earnings
- 4/29/24 - Beat
YUMC
Sec Filings
- 5/6/24 - Form 4
- 4/29/24 - Form 8-K
- 4/11/24 - Form ARS
- YUMC's page on the SEC website