Yum China Holdings: Solid Execution Deserves A Buy Rating

jetcityimage Summary Following my coverage of Yum China Holdings (NYSE:YUMC) in May'24, in which I recommended a buy rating as the business fundamentals continue to improve and I was optimistic about management’s strategy of opening new stores and growing same-store sales growth [SSSG], this post is to provide an update on my thoughts on the business and stock. I still give a buy rating for YUMC as it continues to demonstrate solid execution despite the weak macro environment, especially against peers.  ...