Yum China Reports Third Quarter 2020 Results
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Yum China (YUMC) Tops Q3 EPS by 17c, Revenues Beat
October 28, 2020 4:32 PM EDTYum China (NYSE: YUMC) reported Q3 EPS of $0.66, $0.17 better than the analyst estimate of $0.49. Revenue for the quarter came in at $2.35 billion versus the consensus estimate of $2.3 billion.
Third Quarter Highlights
Completed our secondary listing on the main board of the Hong Kong Stock Exchange and global offering on September 10, 2020, with net proceeds of $2.2 billion.Completed the acquisition of an additional 25% equity interest in an unconsolidated affiliate that operates KFC stores in and around Suzhou, China ("Suzhou KFC"), for cash consideration of $149 million, bringing Yum China's equity interest in Suzhou... More