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MarketScreener Homepage  >  Equities  >  Nyse  >  Yum China Holdings, Inc.    YUMC.WI

YUM CHINA HOLDINGS, INC.

(YUMC.WI)
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Yum China : 3Q Profit Nearly Doubled Following Acquisition

10/28/2020 | 08:05pm EST

Yum China Holdings Inc.'s third-quarter net profit nearly doubled as business activity improved in China and the company booked a noncash gain following an acquisition.

Profit was about $439 million, up from about $223 million in the same period a year earlier, Shanghai-based Yum China said in a Hong Kong stock-exchange filing Thursday. The company booked a $239 million gain after it acquired a KFC operator and revalued its prior equity stake in the company.

The operator of thousands of KFC, Pizza Hut, Taco Bell and other restaurants in China said total revenues rose 1.3% to $2.35 billion. It said operations were affected by lingering effects of the Covid-19 pandemic, including reduced tourism and a delayed and shortened school holiday, adding that same-store sales declined 6%.

Yum China said it plans to increase staffing levels in the coming months and resume a quarterly cash dividend in the fourth quarter. It expected the pandemic to continue to have a material adverse impact on operational and financial results in 2020.

"We remain cautiously optimistic and continue to expect the recovery to be non-linear and uneven," said Andy Yeung, the company's chief financial officer. "Although the Covid-19 outbreak in China has improved over the past months, we are not out of the woods yet."

Write to Singapore editors at singaporeeditors@dowjones.com

(END) Dow Jones Newswires

10-28-20 2104ET

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Financials (USD)
Sales 2020 8 114 M - -
Net income 2020 713 M - -
Net cash 2020 3 067 M - -
P/E ratio 2020 32,7x
Yield 2020 0,50%
Capitalization 23 802 M 23 802 M -
EV / Sales 2020 2,56x
EV / Sales 2021 2,01x
Nbr of Employees 450 000
Free-Float 95,3%
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Technical analysis trends YUM CHINA HOLDINGS, INC.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Average target price 63,01 $
Last Close Price 56,76 $
Spread / Highest target 26,5%
Spread / Average Target 11,0%
Spread / Lowest Target -15,4%
EPS Revisions
Managers
NameTitle
Joey Wat Chief Executive Officer & Director
Zu Liu Hu Independent Non-Executive Chairman
Andy Yeung Chief Financial Officer
Leila Zhang Chief Technology Officer
Christian L. Campbell Independent Director
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