Running restaurants in China is tough when a big part of the population stays home to avoid catching the coronavirus. Yum China, operator of KFC and Pizza Hut in the country, gave a glimpse of the current predicament in results posted after the U.S. close Wednesday. It has temporarily closed more than 30% of its restaurants in China, and business has been bad even for the ones that remain open. Sales during the Lunar New Year holiday were down 40%-50% compared with last year, excluding newly opened outlets.

Source: Wall Street Journal February 06, 2020 10:07 UTC