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Yum China Holdings Inc.
YUMC, + 1.57%
Tuesday night, its earnings reached $ 203 million, or 51 cents per share, against $ 176 million, or 44 cents per share, a year earlier. Revenues also increased 4% to $ 2.21 billion, while same-store sales decreased 1%, driven by a 5% decline at Pizza Hut. Analysts surveyed by FactSet were expecting earnings of 45 cents on a $ 2.24 billion business figure. The fast food chain also increased its dividend by 10 cents to 12 cents a share and increased its stock repurchase plan from $ 850 billion to $ 1.4 billion. The dividend will be payable on December 18 to shareholders of value as of November 27. Yum China shares remained unchanged at the extended session after closing up 1.6% to $ 31.69.
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