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This Stock Could Lead China's Reopening Recovery

TheMotleyFool

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This Stock Could Lead China's Reopening Recovery: https://g.foolcdn.com/editorial/images/693456/yumc.jpg

Yum China (NYSE: YUMC), the operator of KFC and Pizza Hut in China, recently announced a solid quarterly earnings report -- especially solid, considering that its customers weren't allowed to leave their homes for most of the quarter. Here's how they did it.

As Chinese lockdowns seeped into the second quarter, Yum China reported headline numbers that appear underwhelming on the surface. Revenue was down 13%, and same-store sales were down 16%. Same-store growth is revenue at stores that have been open for more than a year. Operating profit sank to $81 million from $233 million in the second quarter of 2021.

Image source: Getty Images.

Source Fool.com

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