Shares of Yum China fall on fourth-quarter loss [MarketWatch]
Yum China Holdings, Inc. (YUMC)
Last yum china holdings, inc. earnings: 4/28 04:30 pm
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Source: MarketWatch
Shares of Yum China fall on fourth-quarter loss Shares of Yum China Holdings Inc. YUMC, +0.93% fell in Wednesday's extended session after the fast-food chain posted a quarterly loss, stemming in part from a charge related to U.S. tax cuts. The operator of KFC and Pizza Hut in China reported it swung to a fourth-quarter loss of 90 million, or 23 cents a share, versus earnings of $88 million, or 23 cents a share, a year earlier. Yum China recorded a one-time tax charge of $164 million and would have earned earned 19 cents a share on an adjusted basis. Revenue grew 13% to $2.2 billion while same-store sales rose 5%, led by KFC. Analysts surveyed by FactSet had forecast earnings of 18 cents on revenue of $2.15 billion. Yum China had spun off from Yum Brands at the end of 2016. Yum China shares slid 2.9% after hours.
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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