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Yum China Holdings Q3 Net Profit Meets Expectations, but Revenue Misses

Associated Press +3 · ·by G4L

YUMC
YUMC Yum China Holdings Inc
$49.73 -0.42%
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  1. 1Yum China Holdings recorded a Q3 net profit of $311 million.
  2. 2Yum China Holdings' Q3 earnings per share of 91 cents matched the average estimate of 91 cents from 3 analysts surveyed by Zacks Investment Research.
  3. 3Yum China Holdings' revenue of $3.48 billion for the period fell short of market expectations.

So what's the key point?

Yum China Holdings' third-quarter profit was in line with expert forecasts, but revenue was lower than expected. This means the company's profit met expectations, but its sales did not reach the target.

Source Associated Press +3 · View original ↗

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