Yum China beats Q2 expectations but sees 'moderate' growth ahead [MarketWatch]
Yum China Holdings, Inc. (YUMC)
Last yum china holdings, inc. earnings: 4/28 04:30 pm
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Source: MarketWatch
Yum China beats Q2 expectations but sees 'moderate' growth ahead Yum China Holdings Inc. YUMC, -3.15% late Tuesday reported second-quarter earnings and sales that beat expectations, but shares were flat in the extended session as the company said it expected sales growth to "moderate" going forward. Yum China, which operates thousands of KFC and Pizza Hut restaurants in China, said it earned $178 million, or 46 cents a share, in the quarter, compared with $143 million, or 36 cents a share, in the year-ago period. Sales rose 3% to $2.12 billion. Analysts polled by FactSet had expected earnings of 38 cents a share on sales of $2.16 billion. Same-store sales rose 4%, in line with expectations. "Looking forward, we expect overall sales growth to moderate as KFC begins to lap several key sales drivers, including successful value campaigns that we initiated in the second half of 2018," Chief Executive Joey Wat said. "However, we remain confident that our strong foundation and commitment
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YUMC
News
- Chris Blumas' Top Picks: April 18, 2024 [BNN Bloomberg (Canada)]BNN Bloomberg
- Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly DividendPR Newswire
- Q4 Earnings Roundup: Wendy's (NASDAQ:WEN) And The Rest Of The Traditional Fast Food Segment [Yahoo! Finance]Yahoo! Finance
- Yum China (NYSE:YUMC): Strongest Q4 Results from the Traditional Fast Food Group [Yahoo! Finance]Yahoo! Finance
- Yum China CEO Joey Wat Releases Annual Letter to Stockholders [Yahoo! Finance]Yahoo! Finance
YUMC
Earnings
- 2/6/24 - Beat
YUMC
Sec Filings
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEF
- YUMC's page on the SEC website