TOKYO — Stagnant Chinese consumption is challenging global chains like KFC and Starbucks, while traditional local restaurant operators are also struggling to gain momentum.
Yum China — which runs KFC, Pizza Hut, Taco Bell and other eateries in mainland China — on Wednesday night said its total revenue for the first quarter came to $2.98 billion, inching up by 1% on the year, while its net profit grew by 2% to $292 million.
