Yum China (YUMC) Q2 Earnings Top, Revenues Lag, Rise Y/Y

Yum China Holdings, Inc. (YUMC) reported mixed second-quarter 2024 results, with adjusted earnings beating the Zacks Consensus Estimate while total revenues missed the same. That said, the bottom and top lines increased on a year-over-year basis.The quarter’s performance was driven by robust total system sales growth primarily attributable to net new unit contributions. The company’s focus on value-for-money and innovative new products, automation and AI accompanied by favorable pricing and lower delivery f ...