KCOFFEE Reaches 200 Stores in China With New Openings in Hangzhou
Portfolio Pulse from Benzinga Newsdesk
Yum China Holdings, Inc. (NYSE: YUMC) announced that KCOFFEE has opened its 200th store in China, with new locations in Hangzhou East Railway Station and Hangzhou International Airport. The side-by-side store model with KFC has been expanding rapidly, averaging one new store per day since early 2024.
July 01, 2024 | 9:10 am
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Yum China Holdings, Inc. (NYSE: YUMC) has reached a milestone with KCOFFEE opening its 200th store in China. The rapid expansion of KCOFFEE, averaging one new store per day, leverages KFC's infrastructure to reduce costs and offer unique products, potentially boosting revenues and stock prices.
The rapid expansion of KCOFFEE, leveraging KFC's infrastructure, is likely to boost Yum China's revenues and reduce operating costs. This positive development is expected to have a favorable impact on YUMC's stock price in the short term.
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