Stock Track | Yum China Stock Soars 7.7% on Stellar Q3 Results and Expansion Drive

Stock Track14:10

Shares of Yum China Holdings Ltd., the largest restaurant company in China, surged over 7% on Monday after the company reported impressive third-quarter earnings, propelled by robust demand for its popular restaurant chains and an aggressive expansion strategy.

Yum China reported a net income of $297 million for the quarter ended September 30, marking a 22% increase from the $244 million profit in the same period last year. Earnings per share came in at $0.77, surpassing analysts' expectations of $0.68. Total revenue for the quarter reached $3.07 billion, a 5% climb compared to $2.91 billion in the prior year quarter, also exceeding estimates of $3.05 billion.

The company's strong financial performance was driven by its continued expansion efforts, with 438 new stores opened during the quarter, bringing the total store count to 15,861 across China. Yum China's focus on menu innovation, digital initiatives, and expansion into new markets has been a key driving force behind its success. Analysts remain optimistic about the company's growth prospects, believing that these strategies will continue to drive profitability in the coming quarters.

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