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Yum China CEO says consumers are growing more 'rational' as rising costs cut dining budgets - TL;DR CNBC

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

Tickers: 9987-HKYUMYUMC

Keywords: chinabusinessyum china holdings increstaurantsretail industryyum! brands incbreaking news: businessbusiness news

Source: https://www.cnbc.com/2024/03/01/yum-china-ceo-says-consumers-are-growing-more-rational.html


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