Yum China Reports First Quarter 2021 Results
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Yum China (YUMC) Tops Q1 EPS by 8c, Revenues Beat
April 27, 2021 4:34 PM EDTYum China (NYSE: YUMC) reported Q1 EPS of $0.56, $0.08 better than the analyst estimate of $0.48. Revenue for the quarter came in at $2.56 billion versus the consensus estimate of $2.39 billion.
First Quarter Highlights
Total revenues increased 46% year over year to $2.56 billion from $1.75 billion (a 36% increase excluding foreign currency translation ("F/X")).Total system sales increased 34% year over year, with increases of 24% at KFC and 57% at Pizza Hut, excluding F/X.Same-store sales increased 10% year over year, with increases of 5% at KFC and 38% at Pizza Hut, excluding F/X.Opened 315 new stores... More