Yum China's stock price surged 5.11% in Friday's intraday trading, fueled by the company's solid fourth quarter 2024 earnings results that topped Wall Street's profit expectations.
The fast food giant reported quarterly adjusted earnings of $0.30 per share for the period ended December 31, 2024, surpassing the consensus analyst estimate of $0.29 per share. Despite revenue of $2.43 billion coming in slightly below forecasts, Yum China's bottom line performance impressed investors.
Yum China's Q4 net income reached $115 million, continuing its streak of beating earnings per share estimates for the past four quarters. The robust quarterly profits outweighed concerns over modest revenue growth, driving the stock's significant rally on Friday.
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