HONG KONG -- The largest fast food chain operator in mainland China remains cautious about the outlook for the country's recovery and its own business following the end of zero-COVID, despite "encouraging" growth in revenue recently.
Yum China -- which runs close to 13,000 KFC, Pizza Hut, Taco Bell and other dining and cafe outlets in China -- said on Wednesday that same-store sales during the Lunar New Year period were up by "mid-single digits" compared with a year ago. This was China's first Lunar New Year without COVID restrictions.
