Yum China Sees No "Really Obvious Impact" From U.S. Trade Tension [Forbes]
Yum China Holdings, Inc. (YUMC)
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Source: Forbes
Yum China Sees No "Really Obvious Impact" From U.S. Trade Tension Jan 14, 2019, 07:18am Yum China Sees No "Really Obvious Impact" From U.S. Trade Tension Russell Flannery Forbes Staff Shares in Starbucks fell by 0.7% in the U.S. on Friday on Goldman concern about the company’s business in China where the coffee chain has more than 3,000 stores. And just today, China said exports fell by 4% in December from a year earlier, stirring worries about economic growth at a time of strained ties between Washington and Beijing. What’s the impact of U.S.-China trade tension at Yum China, the largest restaurant chain in the country that operates some 8,000 stores and was spun off from Yum! in 2016? So far, there’s “not (a) really obvious impact, in terms of the tariff or whatever, because we source locally,” Yum China CEO Joey Wat said in an interview on Friday. Wat added, however, uncertainty about the trade relationship might psychologically impact how customers spend their money “because there
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YUMC
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- 2/6/24 - Beat
YUMC
Sec Filings
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEF
- YUMC's page on the SEC website