Why It's Time to Pay Attention to China's Largest Restaurant Chain
Yum China (NYSE: YUMC), spun off from Yum! Brands (NYSE: YUM) late last year, has been faring just fine on its own. The controller of Kentucky Fried Chicken, Pizza Hut, and Taco Bell in the world's most populous country reported another good quarter last week, along with a few other important news items. Here's what investors need to know.
For the quarter that ended Aug. 31, Yum China reported an 8% revenue increase. Year to date, revenue is up 3% over 2016. Earnings per share are up 12% through the last quarter to $1.28.
The top and bottom lines increased on better-than-expected traffic at existing restaurants, new restaurant openings, and positive traction with online loyalty programs and delivery services. Total company same-store sales are up 6% and 4% for the last quarter and year to date, respectively.
Source: Fool.com
Yum! Brands Inc. Stock
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