Yum China says sales have fallen by 20% as parts of the country are placed back in lockdown.
The owner of KFC and Pizza Hut said sales plunged by 20% in the first two weeks of March as a surge of new Covid cases spread across China.
Yum China said: "Entering March, the situation has rapidly deteriorated with the highly transmissible Omicron variant causing outbreaks across China, including economically important regions of Guangdong, Shanghai, Shandong and Jilin." Foxconn said: "This process, which can only be done on campuses that include both employee housing and production facilities, adheres to strict industry guidelines and closed-loop management policies issued by the Shenzhen government."But Yum China's chief executive Joey Wat, said: "Our robust supply chain management has shielded us from material business disruptions."
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