The Fried Chicken King of Asia Loses $2 Billion on U.S. Gamble [Yahoo! Finance News]
Yum China Holdings, Inc. (YUMC)
Last yum china holdings, inc. earnings: 4/28 04:30 pm
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Source: Yahoo! Finance News
) -- If 2019 was a bad year for Tony Tan Caktiong, the Philippine tycoon who built a fast-food empire that trounced McDonald’s in his home market, 2020 is shaping out to be worse for his company’s stock. After wooing millions of Filipinos for decades with its signature fried chicken, Tan’s Jollibee Foods Corp. set out on an expansion in the U.S., spending $540 million buying Smashburger and Coffee Bean & Tea Leaf Co. Even as the two money-losing chains turn out to be a drag on earnings, the coronavirus outbreak is now threatening to hit its sales. Fueled by concerns the spread of the disease will weigh on consumer spending, Jollibee shares have dived more than 18% this year, adding to losses in 2019, their worst in two decades. The slide has wiped $2.22 billion off the company’s market value since the end of 2018. Long a bellwether for the Philippine consumer growth story, the headwinds have come as a reality check for Tan -- a son of poor Chinese immigrants -- who chased rapid growth
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YUMC
News
- Yum China Holdings, Inc. (NYSE: YUMC) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $60.00 price target on the stock, up previously from $35.50.MarketBeat
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YUMC
Earnings
- 11/4/24 - Beat
YUMC
Sec Filings
- 11/5/24 - Form 144
- 11/4/24 - Form 8-K
- 10/23/24 - Form SC
- YUMC's page on the SEC website