Yum China warns of first quarter losses, 2020 sales hit after virus outbreak
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(Reuters) - KFC licensee Yum China said it could report an operating loss in the first quarter and take a significant hit to sales and productivity due to a coronavirus outbreak in China, after it was forced to shut nearly a third of its stores.The company's warning echoed that of U.S. cafe chain Starbucks , which said last week it would delay a planned increase to its outlook for the year and that it expected a material but temporary financial hit.Yum China shares fell 3% in after-hours..