UPDATE 2-Yum China says same-store sales fall slowing, with April down 10% [Reuters]
Yum China Holdings, Inc. (YUMC)
Last yum china holdings, inc. earnings: 4/28 04:30 pm
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Source: Reuters
Yum China says same-store sales fall slowing, with April down 10% (Reuters) - Yum China Holdings Inc ( YUMC.N ) on Tuesday beat estimates for quarterly revenue and said the decline in same-store sales was slowing even as the vast majority of consumers still avoid going out in public to contain the spread of the coronavirus. Yum China said its month-to-date same-stores sales were down by more than 10%, still an improvement from the 15% decline it experienced in the first quarter ended March 31. Shares of Yum China, the exclusive licensee of the KFC, Pizza Hut and Taco Bell brands in China, rose 3.3% in extended trading. The coronavirus-led lockdown made major Chinese cities look like ghost towns as people avoided visiting restaurants, forcing Yum China to roll out contactless delivery and pickup at its KFC and Pizza Hut locations to curb falling sales. Digital orders - including delivery, mobile orders and kiosk orders - accounted for 84% of sales at KFC and 65% of sales at Pizza Hut
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YUMC
News
- Yum China Holdings, Inc. (NYSE: YUMC) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $60.00 price target on the stock, up previously from $35.50.MarketBeat
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YUMC
Earnings
- 11/4/24 - Beat
YUMC
Sec Filings
- 11/5/24 - Form 144
- 11/4/24 - Form 8-K
- 10/23/24 - Form SC
- YUMC's page on the SEC website