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Stock impact report

KFC Is Yum China’s Mule, and Will Be for Quite Some Time [The Motley Fool]

Yum China Holdings, Inc. (YUMC) 
Last yum china holdings, inc. earnings: 4/28 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.yumchina.com
Company Research Source: The Motley Fool
China just really likes fried chicken. Shares of China's largest restaurant chain Yum China ( NYSE:YUMC ) rebounded in a big way after third-quarter 2018 earnings. The reason? KFC. Yum China hasn't been perfect since gaining independence from former parent Yum Brands a couple of years ago. With woes at Pizza Hut combining with a slowdown in Chinese consumer spending, the company's shares have been bogged down this year and are sporting a 10% decline as of this writing. Worries aside, though, fried chicken alone is popular enough that it could float Yum China's stock for years to come.  The favorite food on the other side of the globe Pizza Hut continues to drag down KFC, but the fried chicken chain's strength continues to pull results higher. During the third quarter, 6% growth at KFC offset a 2% decline at the pizza segment, good for 4% total revenue and 16% earnings-per-share growth compared with a year ago. That builds on modest revenue gains to date in Show less Read more
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