Yum China, which operates almost 17,000 KFC and Pizza Hut outlets across the world’s second-largest economy, posted rising revenues and profits for the most recent quarter, growing even as Chinese consumption continues to be sluggish and as President Trump’s trade war continues to shake up global economies.
Yet the company’s Hong Kong–traded shares plunged by 6% on Wednesday, despite the solid financial results. Shares later pared back losses, but are still down by 3% since the earnings release.
