Stock Track | Yum China Soars 6% Premarket on Strong Q3 Results, Raised Shareholder Returns

Stock Track

Nov 04, 2024

Shares of Yum China Holdings, Inc. soared 6.28% in pre-market trading on November 4, 2024, after the company reported better-than-expected financial results for the third quarter of 2024 and announced plans to increase capital returns to shareholders.

The fast-food restaurant operator reported adjusted earnings per share of $0.77 for the quarter, surpassing analysts' expectations of $0.68. Revenue for the quarter rose 5% year-over-year to $3.071 billion, also beating the consensus estimate of $3.053 billion.

Yum China's strong performance was driven by robust sales growth, margin expansion, and continued expansion of its store network. The company's operating profit grew 15% year-over-year to $371 million, while diluted earnings per share increased by an impressive 33% to $0.77.

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The company's operating profit grew 15% year-over-year to $371 million, while diluted earnings per share increased by an impressive 33% to $0.77.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"YUMC","symbol_name":"百胜中国","start_time":0,"source_url":"","article_id":"1188101329","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1188101329","pubTimestamp":1730718143,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Yum China Holdings, Inc.  soared 6.28% in pre-market trading on November 4, 2024, after the company reported better-than-expected financial results for the third quarter of 2024 and announced plans to increase capital returns to shareholders.The fast-food restaurant operator reported adjusted earnings per share of $0.77 for the quarter, surpassing analysts' expectations of $0.68. Revenue for the quarter rose 5% year-over-year to $3.071 billion, also beating the consensus estimate of $3","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"YUMC":"百胜中国"},"translate_title":"第三季度业绩强劲，股东回报提高，百胜中国盘前股价飙升6%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"YUMC":1},"content_text":"Shares of Yum China Holdings, Inc. soared 6.28% in pre-market trading on November 4, 2024, after the company reported better-than-expected financial results for the third quarter of 2024 and announced plans to increase capital returns to shareholders.The fast-food restaurant operator reported adjusted earnings per share of $0.77 for the quarter, surpassing analysts' expectations of $0.68. 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