Yum China Holdings Inc is a restaurant company in China. The Company's restaurant base consists of China's restaurant brands, including KFC, Pizza Hut Casual Dining, Pizza Hut Home Service, East Dawning and Little Sheep.
Yum China reports earnings beat, shares soar on improved KFC, Pizza Hut sales Investors are eating up shares of Yum China. Shares prices were up 10 percent Thursday morning, a day after the Chinese spinoff from U.S.-based Yum Brands reported quarterly earnings that beat Street estimates. Yum China said it had first-quarter adjusted earnings of 44 cents per share, topping a Thomson Reuters consensus estimate of 38 cents. The operator of fried chicken outlet KFC, Pizza Hut and Taco Bell in China saw same-store sales — a metric closely watched by Wall Street for restaurant stocks — rise 1 percent in the first quarter, compared with flat same-store sales the period one year ago. This number was boosted by growth of 1 percent at KFC-branded stores, and by 2 percent growth at Pizza Hut locations, the company said. "We are especially gratified with the progress made on two key drivers of growth – Digital and Delivery," Chief Executive Micky Pant said in a statement. "We believe we have unprecedented insights into consumer behavior and have been engaging with them across the digital eco-system: from pre-order to payment." The Chinese restaurant chain, which has more than 7,600 properties in the country, said it remains on track to open 550 to 600 restaurants in 2017. Yum China said its total revenue for the quarter fell 1.5 percent to $1.28 billion, but this beat the average analyst estimate of $1.27 billion, according to Reuters.
Doing well these last couple of days. Will be reporting next week; if there's a dip then that is probably a good time to buy because it's really looking like the bottom is in at 32.10 (~33% below its January high). Also related CMG somehow popped again after earnings, so these restaurant stocks have some strength.
