Yum China (YUMC) Tops Q2 EPS by 8c, provides outlook

Yum China (NYSE: YUMC) reported Q2 EPS of $0.55, $0.08 better than the analyst estimate of $0.47. Revenue for the quarter came in at $2.68 billion versus the consensus estimate of $2.76 billion.

Outlook

The Company\'s targets for the 2024 fiscal year remain unchanged from the prior period\'s disclosures.

Open approximately 1,500 to 1,700 net new stores.
Make capital expenditures in the range of approximately $700 million to $850 million.
Return a Company record-setting $1.5 billion to shareholders through quarterly cash dividends and share repurchases.

For earnings history and earnings-related data on Yum China (YUMC) click here.

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