Salem Radio Network News Wednesday, October 20, 2021

Business

Yum China third-quarter profit to take up to 60% hit as Delta variant slams sales

(Reuters) – KFC operator Yum China Holdings Inc said on Tuesday its adjusted operating profit would take a 50% to 60% hit in the third quarter as the spread of the Delta variant of the coronavirus in China led to restaurant closures and “sharply reduced sales.”

(Reporting by Uday Sampath in Bengaluru; Editing by Krishna Chandra Eluri)

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