Yum China Holdings Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Yum China Holdings (NYSE:YUMC) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$2.68b (flat on 2Q 2023).
• Net income: US$212.0m (up 7.6% from 2Q 2023).
• Profit margin: 7.9% (up from 7.4% in 2Q 2023).
• EPS: US$0.55 (up from US$0.47 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Yum China Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 6.8%.

Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are up 11% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Yum China Holdings you should be aware of.

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