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Yum China tops Q1 views, warns of lingering pandemic worries MarketWatch 3 hrs ago
MARKET PULSE
Yum China Holdings Inc. shares rose more than 2% in the extended session Tuesday after the operator of KFC, Pizza Hut and other fast-food brands in China reported first-quarter earnings above Wall Street expectations despite regional resurgences in COVID-19 cases in China resulting in less foot traffic to its stores and in-store gatherings. Yum China said it earned $230 million, or 53 cents a share, in the quarter, compared with $62 million, or 16 cents a share, a year ago. Adjusted for one-time items, the company earned 54 cents a share, compared with 16 cents a share a year ago. Sales rose 46% to $2.56 billion, with same-store sales rising 10%. Analysts polled by FactSet expected Yum China to report adjusted earnings of 46 cents a share on sales of $2.32 billion. Yum China said it expects a full recovery of same-store sales to pre-COVID-19 levels to take time, and the uneven
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சீனா
யும்-சீனா-ஹோல்டிங்ஸ்-இன்க்
பீஸ்ஸா-குடிசை
சீனா-ஹோல்டிங்ஸ்
சுவர்-தெரு
BRIEF-Yum China Reports Q1 EPS Of $0.53 Reuters 3 hrs ago YUM CHINA REPORTS FIRST QUARTER 2021 RESULTS Q1 EARNINGS PER SHARE $0.53 Q1 ADJUSTED EARNINGS PER SHARE $0.54 Q1 REVENUE ROSE 46 PERCENT TO $2.56 BILLION QTRLY TOTAL SYSTEM SALES INCREASED 34% YEAR OVER YEAR, WITH INCREASES OF 24% AT KFC AND 57% AT PIZZA HUT, EXCLUDING F/X QTRLY SAME-STORE SALES INCREASED 10% YEAR OVER YEAR, WITH INCREASES OF 5% AT KFC AND 38% AT PIZZA HUT, EXCLUDING F/X YUM CHINA HOLDINGS - CONTINUE TO EXPECT RECOVERY OF SAME-STORE SALES TO 2019 LEVELS TO TAKE TIME AND RECOVERY PATH TO REMAIN UNEVEN AND NON-LINEAR Source text for Eikon: Further company coverage:
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