UPDATE 1-Yum China to open restaurants at Sinopec, CNPC gas stations in China [Reuters]
Yum China Holdings, Inc. (YUMC)
Last yum china holdings, inc. earnings: 4/28 04:30 pm
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Source: Reuters
UPDATE 1-Yum China to open restaurants at Sinopec, CNPC gas stations in China * Tie-up to open more than 100 outlets in next 3 years * Yum China says to expand to 10,000 restaurants by 2021 * Expects restaurant margin to face pressure in H1 2019 (Updates with CEO quote, more details) By Brenda Goh SHANGHAI, March 12 (Reuters) - Yum China Holdings said it has partnered with Sinopec Corp and China National Petroleum Corporation (CNPC) to open more than 100 franchise restaurants at the oil giants’ gas stations in China. Yum China said the partnership aims to open the franchise stores over the next three years, adding that Sinopec and CNPC collectively operate over 50,000 gas stations in the country. It did not disclose financial details of the tie-up that it announced at its investor day held in Shanghai on Tuesday. “We expect these partnerships will enable us to expand our portfolio and reach a previously underserved segment of the market, while creating significant value for Sinopec an
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YUMC
News
- Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly DividendPR Newswire
- Q4 Earnings Roundup: Wendy's (NASDAQ:WEN) And The Rest Of The Traditional Fast Food Segment [Yahoo! Finance]Yahoo! Finance
- Yum China (NYSE:YUMC): Strongest Q4 Results from the Traditional Fast Food Group [Yahoo! Finance]Yahoo! Finance
- Yum China CEO Joey Wat Releases Annual Letter to Stockholders [Yahoo! Finance]Yahoo! Finance
- Yum China CEO Joey Wat Releases Annual Letter to StockholdersPR Newswire
YUMC
Earnings
- 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