Consumer

Yum China Surges After Profit Beats Despite Delivery Discounts

A KFC fast food restaurant, operated by Yum China Holdings Inc., in Beijing.Photographer: Na Bian/Bloomberg

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By Bloomberg News

February 4, 2026 at 10:33 AM UTC

Updated on

February 5, 2026 at 2:03 AM UTC

Yum China Holdings Inc. shares rose after the company reported better-than-expected operating profit in the fourth quarter, defying a price war in the country’s food delivery market.

The stock rallied as much as 9% in Hong Kong Thursday, the biggest intraday gain since April 2025. Shares closed up 4.7% in the US on Wednesday.