Why Is Yum China (YUMC) Stock Soaring Today [Yahoo! Finance]
Yum China Holdings, Inc. (YUMC)
Last yum china holdings, inc. earnings: 4/28 04:30 pm
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Source: Yahoo! Finance
significantly blew past analysts' sales and EBITDA estimates. Notably, the same-store sales growth improved on strong contributions from both the KFC and Pizza Hut brands as the company continued to optimize pricing while introducing new offerings and recipes. Another important contributor to the improved momentum was the delivery business, which grew 18% year on year, representing 40% of sales during the quarter, helping the business meet the demands of solo diners. Lastly, YUMC continued to expand to underserved and lower-tier markets, adding 1,200 new stores in the first nine months of the year. Zooming out, we think this was a strong quarter, highlighting continued improvements in its key operating segments. Is now the time to buy Yum China? Access our full analysis report here, it's free Yum China's shares are somewhat volatile and have had 10 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not
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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