-
Advertorial
-
FOCUS
-
Guide
-
Lifestyle
-
Tech and Vogue
-
TechandScience
-
CHTF Special
-
Nanhan
-
Futian Today
-
Hit Bravo
-
Special Report
-
Junior Journalist Program
-
World Economy
-
Opinion
-
Diversions
-
Hotels
-
Movies
-
People
-
Person of the week
-
Weekend
-
Photo Highlights
-
Currency Focus
-
Kaleidoscope
-
Tech and Science
-
News Picks
-
Yes Teens
-
Fun
-
Budding Writers
-
Campus
-
Glamour
-
News
-
Digital Paper
-
Food drink
-
Majors_Forum
-
Speak Shenzhen
-
Business_Markets
-
Shopping
-
Travel
-
Restaurants
-
Hotels
-
Investment
-
Yearend Review
-
In depth
-
Leisure Highlights
-
Sports
-
World
-
QINGDAO TODAY
-
Entertainment
-
Business
-
Markets
-
Culture
-
China
-
Shenzhen
-
Important news
在线翻译:
szdaily -> Business
Yum China restaurant sales flat in Q4
    2017-February-9  08:53    Shenzhen Daily

    YUM China Holdings Inc., reporting for the first time as a standalone company, said Tuesday its profit beat expectations for the fourth quarter despite just missing Wall Street’s target for sales at established restaurants.

    Same-store sales were flat after a 3 percent increase at KFC shops were offset by a 7 percent drop at Pizza Hut Casual Dining. Analysts polled by Consensus Metrix expected a 0.1 percent uptick in same-store sales.

    Rivals McDonald’s Corp. and Starbucks Corp. reported same-store sales gains of 7.9 percent and 6 percent, respectively, from China for the latest quarter.

    Yum China’s fourth-quarter net income was US$88 million, or 23 cents per share, on revenue of US$1.98 billion. Profit excluding special items was 17 cents per share.

    Analysts had expected a profit of 8 cents per share on revenue of US$2.05 billion.

    Chief executive officer Micky Pant said on a conference call with analysts that he was “cautiously optimistic” about the company’s business amid rising costs for labor and commodities, stiff competition and simmering protectionist sentiments.

    Yum China started trading as a standalone company Nov. 1.

    Prior to the separation, it had been the primary profit and sales driver for Yum Brands Inc.(SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn