Yum China Reports First Quarter 2020 Results
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Yum China (YUMC) Tops Q1 EPS by 34c, Revenues Beat, Same-Store Sales Down 15% YoY
April 28, 2020 4:34 PM EDTYum China (NYSE: YUMC) reported Q1 EPS of $0.16, $0.34 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $1.75 billion versus the consensus estimate of $1.56 billion.
First Quarter Highlights
Total revenues declined 24% year over year to $1.75 billion from $2.30 billion (a 21% decline excluding foreign currency translation (\"F/X\")).Total system sales declined 20% year over year, with declines of 15% at KFC and 38% at Pizza Hut, excluding F/X.Same-store sales declined 15% year over year, with an 11% decline at KFC and 31% decline at Pizza Hut, excluding F/X.Restaurant margin was... More