Yum China CEO says consumers are growing more 'rational' as rising costs cut dining budgets
Publishing timestamp: 2024-03-01 07:00:01
Summary
Yum China CEO Joey Wat says Chinese consumers are becoming more rational, despite concerns over the broader Chinese economy. Yum China's sales are growing, with a focus on attracting diners in both top-tier and lower-tier cities with a barbell strategy. The company plans to continue expanding its footprint in China.
Sentiment: NEUTRAL
Keywords: china, business, yum china holdings inc, restaurants, retail industry, yum! brands inc, breaking news: business, business news,
Source: https://www.cnbc.com/2024/03/01/yum-china-ceo-says-consumers-are-growing-more-rational.html