US stock market anomaly | Yum China (YUMC.US) rises nearly 3%, same-store sales in the second quarter reverse the downward trend and achieve positive growth.
According to the Wisdom Financial APP, on Wednesday, Yum China (YUMC.US) rose by nearly 3% to $44.91. On the news front, in the second quarter, Yum China's same-store sales reversed the previous declining trend and achieved a 1% positive growth. Same-store transaction volume increased by 2% year-on-year, achieving year-on-year growth for the tenth consecutive quarter. Yum China pointed out that these positive trends indicate that the company is not only expanding its scale by opening new stores, but more importantly, in the current environment of rationality in the Chinese consumer market and fierce competition, the operating efficiency of its existing stores and attractiveness to customers continue to improve.
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