Yum China (YUMC) Reports Q4, Raises Dividend, Increases Share Buyback to $1.25B
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Yum China (YUMC) leaps 13% on sales growth and improved restaurant margin
February 7, 2024 8:17 AM EST(Updated - February 7, 2024 1:24 PM EST)
Yum China Holdings (NYSE: YUMC) has outperformed analysts' expectations for the fourth quarter, sending its shares soaring 13% in premarket trading.
The company posted earnings per share (EPS) of $0.25, exceeding the anticipated $0.16. The company's revenue for the quarter stood at $2.5 billion, also ahead of the consensus forecast of $2.36 billion.
KFC... More
Jefferies on Yum China Holdings (YUMC) Dividend Raise: 'we believe the percentage increase is a nice positive surprise'
February 7, 2024 6:57 AM ESTJefferies analyst Anne Ling reiterated a Buy rating on Yum China Holdings (NYSE: YUMC)
The analyst comments "YUMC announced 4Q23 results after US market close today. NP was much higher than our estimate of USD60m due to lower-than-expected ETR and investment loss. The company also announced an increase in DPS for 4Q23 and a... More
