Yum China, which runs more than 9,000 KFCs, Pizza Huts and other restaurants in China, has been forced to close more than three in 10 outlets
Running restaurants in China is tough when a big part of the population stays home to avoid catching the coronavirus.
Yum China, operator of KFC and Pizza Hut in the country, gave a glimpse of the current predicament in results posted after the U.S. close Wednesday. It has temporarily closed more than 30% of its restaurants in China, and business has been bad even for the ones that remain open. Sales during the Lunar New Year holiday were down 40%-50% compared with last year, excluding newly opened outlets.
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