Hedge funds hold their nerve on China, seek opportunities
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Yum China (YUMC) Tops Q4 EPS by 6c, Revenues In-Line; Provides Commentary on Coronavirus Impact
February 5, 2020 4:33 PM ESTYum China (NYSE: YUMC) reported Q4 EPS of $0.25, $0.06 better than the analyst estimate of $0.19. Revenue for the quarter came in at $2.03 billion versus the consensus estimate of $2.03 billion.
Fourth Quarter Highlights
Total revenues increased 6% year over year to $2.03 billion from $1.91 billion (8% increase excluding foreign currency translation (\"F/X\")).Total system sales grew 8% year over year, with growth of 10% at KFC and 1% at Pizza Hut, excluding F/X.Same-store sales grew 2% year over year, with a 3% increase at KFC and flat same-store sales at Pizza Hut, excluding F/X.Restaurant margin... More