SHANGHAI, May 31, 2024 /PRNewswire/ -- Yum China's Chinese Dining Business Unit – which includes the Little Sheep and Huang Ji Huang brands – made exciting new progress since the beginning of 2024, with new stores added to its domestic and global portfolio and innovative new store formats introduced to serve a broader range of party sizes.In May 2024 alone, nine new Little Sheep stores were added in multiple first-, second-, and third-tier cities across China. Internationally, Little Sheep recently returned ...

It has been about a month since the last earnings report for Yum China Holdings (YUMC) . Shares have lost about 2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Yum China due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Yum China Q1 Earnings and Revenues Surpas ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _________________ Commission file number 001-37762 Yum China Holdings, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 8 ...

Yum China Holdings, Inc. (YUMC) reported impressive first-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis. The upside can be attributed to robust total system sales growth and new unit contribution.Earnings & Revenue DiscussionIn first-quarter 2024, the company reported adjusted earnings per share (EPS) of 71 cents, beating the Zacks Consensus Estimate of 66 cents. The bottom line moved up 2.9% from 69 cen ...

Certain metrics fell in the latest quarter, but the company is promising some good things for the year.Shares of restaurant company Yum China (YUMC -6.42%) -- parent company of KFC, Pizza Hut, and more in China -- dropped on Tuesday after it reported financial results for the first quarter of 2024. The company grew sales by opening new restaurants, but sales at existing restaurants fell, which was not something investors cared for. As of 10 a.m. ET, Yum China stock was down 6%, but it had been down 10% earl ...

Yum China Holdings, Inc. (NYSE:YUMC) Q1 2024 Earnings Conference Call May 29, 2024 8:00 PM ET Company Participants Joey Wat - Chief Executive Officer Andy Yeung - Chief Financial Officer Florence Lip - Senior Director, Investor Relations Conference Call Participants Michelle Cheng - Goldman Sachs Brian Bittner - Oppenheimer Chen Luo - Bank of America Lillian Lou - Morgan Stanley Anne Ling - Jefferies Ethan Wang - CLSA. Sijie Lin - CICC Operator Thank you for standing by, and welcome to the Yum China First Q ...

First Quarter 2024 Results 30 April 2024 NYSE: YUMC and HKEX: 9987 Cautionary Statement Thispresentationcontains“forward-lookingstatements”withinthemeaningofSection27AoftheSecuritiesActof1933andSection21EoftheSecurities ExchangeActof1934.Weintendallforward-lookingstatementstobecoveredbythesafeharborprovisionsofthePrivateSecuritiesLitigationReformAct of1995..Forward-lookingstatementsgenerallycanbeidentifiedbythefactthattheydonotrelatestrictlytohistoricalorcurrentfactsandbytheuseof forward-looking words such ...

For the quarter ended March 2024, Yum China Holdings (YUMC) reported revenue of $2.96 billion, up 1.4% over the same period last year. EPS came in at $0.71, compared to $0.69 in the year-ago quarter.The reported revenue represents a surprise of +0.64% over the Zacks Consensus Estimate of $2.94 billion. With the consensus EPS estimate being $0.66, the EPS surprise was +7.58%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Exhibit 99.1 Yum China Reports First Quarter Results System Sales Up 6%, Diluted EPS Up 4%, or 10% Excluding F/X Operating Profit Reaches $374 million with Core Operating Profit1 Growing to $396 million Total Stores Have Surpassed Milestone of 15,000 with Record First Quarter Openings of 378 Net New Stores Record Quarterly Cash Return to Shareholders of $745 million Shanghai, China (April 29, 2024) – Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) today reported unaudited ...

Yum China Holdings (YUMC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a c ...