Yum China (YUMC) Tops Q4 EPS by 9c

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Go back to Yum China (YUMC) Tops Q4 EPS by 9c

Yum China (YUMC) leaps 13% on sales growth and improved restaurant margin

February 7, 2024 8:17 AM EST

(Updated - February 7, 2024 1:24 PM EST)

Yum China Holdings (NYSE: YUMC) has outperformed analysts' expectations for the fourth quarter, sending its shares soaring 13% in premarket trading.

The company posted earnings per share (EPS) of $0.25, exceeding the anticipated $0.16. The company's revenue for the quarter stood at $2.5 billion, also ahead of the consensus forecast of $2.36 billion.

KFC... More

Jefferies on Yum China Holdings (YUMC) Dividend Raise: 'we believe the percentage increase is a nice positive surprise'

February 7, 2024 6:57 AM EST

Jefferies analyst Anne Ling reiterated a Buy rating on Yum China Holdings (NYSE: YUMC)

The analyst comments "YUMC announced 4Q23 results after US market close today. NP was much higher than our estimate of USD60m due to lower-than-expected ETR and investment loss. The company also announced an increase in DPS for 4Q23 and a... More