Yum China (YUMC) Tops Q1 EPS by 6c
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Yum China Achieved a Strong First Quarter with Same-Store Sales Growth of 1%; Operating Profit Grew 22%; Restaurant Margin Expanded to 23%
April 5, 2017 4:30 PM EDTSHANGHAI, April 6, 2017 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC) today reported unaudited results for the first quarter ended February 28, 2017.
First-Quarter Highlights
Same-store sales grew 1%, including growth of 1% at KFC and 2% at Pizza Hut Casual Dining. Total system sales grew 4%, including growth of 3% at KFC and 9% at Pizza Hut Casual Dining, excluding foreign currency translation ("F/X"). Opened 133 new restaurants during the quarter. Total restaurant margin increased 3.7 percentage points to 23.0%,... More