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Stock impact report

Why Investors Were Feasting on Yum China Stock This Week [Yahoo! Finance]

Yum China Holdings, Inc. (YUMC) 
Last yum china holdings, inc. earnings: 4/28 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.yumchina.com
Company Research Source: Yahoo! Finance
The company's shares rose by 9% in price across the period, due in no small part to news of encouraging quarterly results, and subsequent analyst price target increases -- and even a recommendation upgrade. Yum China's positive momentum kicked into gear Monday morning, and never really let up. That morning it posted its third-quarter results , revealing that revenue rose by 5% year over year to $3.07 billion, while adjusted net income experienced a meatier improvement with a 19% rise to $297 million ($0.77 per share). Both figures comfortably topped the consensus analyst estimates. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Much of the improvement derived from Yum China's aggressive expansion program. During the quarter, the company cut the ribbon on over 400 new restaurants in its system, and their revenue more than mitigated a 3% decline in same-store sales . All told, as of the end of September it had 15,861 res Show less Read more
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