Yum China expands footprint in lower-tier cities to drive growth amid growing consumer caution
The operator of KFC and Pizza Hut restaurants in China posted 21% revenue growth last year, led by aggressive new store opening and price widening campaigns to capture new customers…
TH International reaches Popeyes goal, but falls short on Tim Hortons
The operator of the two Western fast food chains in China said it has 919 stores, trailing its previously announced goal for 1,000 stores by the end of 2023 Key…
Yum China ‘rediscovers’ its fast-food roots in budget-conscious times
The operator of KFC and Pizza Hut restaurants in China has been expanding its price range to tap underserved consumers Key Takeaways: Yum China reported record third-quarter revenue and adjusted…
Yum China plans post-pandemic binge with major expansion
The operator of KFC and Pizza Hut restaurants in China is aiming to boost its footprint by nearly 50% from current levels to 20,000 stores by 2026 Key Takeaways: Yum…
FAST NEWS: TH International relaunches Popeyes chain in China
The Latest: Restaurant operator TH International Ltd. (THCH.US), which also uses the name Tims China, said on Monday it opened its first restaurant from the popular Popeyes fast food chain…
Yum China serves up record quarterly results amid Covid recovery
The latest results for the operator of KFC and Pizza Hut restaurants in China included signs of consumer caution and ‘challenging macro conditions’ post-pandemic Key Takeaways: Yum China posted record…
McDonald’s China owners seek fresh funds to support Golden Arches expansion
Carlyle and Citic may be looking to partly cash out of their landmark investment in 2017 when they became the fast food giant’s largest franchisee outside the U.S. Key Takeaways:…