Yum China Reports Second Quarter 2022 Results Delivered $81 million Operating Profit. Extraordinary efforts partly mitigated impact from profound COVID-related disruptions Sales recovery remains gradual and uneven as COVID outbreaks persist Full year net new store target unchanged, powered by healthy new store performance SHANGHAI , July 29, 2022 |PRNewswire| -- Yum China Holdings, Inc. (the "Company" or " Yum China ") (NYSE: YUMC and HKEX: 9987) today reported unaudited results for the second quarter ended June 30, 2022 . Impact of COVID Outbreak and Mitigation Efforts The most severe COVID outbreaks to date in China continued to significantly affect the restaurant industry and our operations in the second quarter. According to government statistics, the restaurant industry in China experienced a revenue decline of approximately 16% year over year in the quarter. Nationwide, regional COVID outbreaks impacted large portions of the country. During peak outbreak periods, hundreds of millions of people were in some type of lockdown.