Investors are losing their appetite for restaurant chains in China.
Hong Kong-listed shares of Yum China, which operates KFC, Pizza Hut and Taco Bell outlets in the country, tumbled to their lowest close in a year after the company's third-quarter update. Yum China's U.S.-listed shares were down by
Michelle Shen: Thank you, Zack. Hello, everyone. Thank you for joining Yum China s third quarter 2023 earnings conference call. On today s call are our CEO, Ms. Joey Wat; and our CFO, Mr. Andy Yeung.