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It isn't easy to succeed in China these days, but the veteran restaurateur managed to post some notable growth in its latest completed quarter. Investors overlooked a top-line miss for a convincing earnings beat.
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Yum China's (YUMC) second-quarter 2024 results reflect total system sales growth thanks to increased contributions from net new unit growth. Also, increased operational efficiency bodes well.
In a challenging economy, Yum China delivered solid bottom-line expansion. Operations are benefiting from simplification.
Yum China Holdings, Inc. (NYSE:YUMC ) Q2 2024 Earnings Conference Call August 6, 2024 8:00 PM ET Company Participants Florence Lip - Senior Director, IR Joey Wat - CEO & Executive Director Ka Yeung - CFO Conference Call Participants Michelle Cheng - Goldman Sachs Lillian Lou - Morgan Stanley Chen Luo - Bank of America Merrill Lynch Anne Ling - Jefferies Brian Bittner - Oppenheimer Sijie Lin - CICC Xiaopo Wei - Citigroup Operator Thank you for standing by. Welcome to the Yum China Second Quarter 2024 Earnings Conference Call.
The headline numbers for Yum China (YUMC) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Yum China Holdings (YUMC) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.47 per share a year ago.
Yum China Holdings said finance chief Andy Yeung intends to resign for personal reasons, effective Sept. 30.
Beyond analysts' top -and-bottom-line estimates for Yum China (YUMC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
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Yum China (YUMC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.