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Stock impact report

Yum China posts better-than-expected earnings, boosts dividend [MarketWatch]

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: MarketWatch
Yum China posts better-than-expected earnings, boosts dividend Yum China Holdings Inc. YUMC, +1.57% late Tuesday reported its third-quarter earnings rose to $203 million, or 51 cents a share, from $176 million, or 44 cents a share, a year earlier. Revenue also grew 4% to $2.21 billion while same-store sales fell 1%, led by a 5% drop at Pizza Hut. Analysts surveyed by FactSet had forecast earnings of 45 cents on revenue of $2.24 billion. The fast-food chain also raised its dividend to 12 cents a share from 10 cents and increased its stock buyback plan by $850 billion to $1.4 billion. The dividend will be payable on Dec. 18 to shareholders of value as of Nov. 27. Yum China shares were flat in the extended session after closing up 1.6% to $31.69. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. Show less Read more
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