Yum China fell 3% in premarket trading as misses Q4 earnings and revenue estimates.
Yum China Holdings (YUMC) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -82.35%. A quarter ago, it was expected that this restaurant operator in China would post earnings of $0.26 per share when it actually produced earnings of $0.22, delivering a surprise of -15.38%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Yum China , which belongs to the Zacks Retail - Restaurants industry, posted revenues of $2.29 billion for the quarter ended December 2021, missing the Zacks Consensus Estimate by 4.38%. This compares to year-ago revenues of $2.26 billion. The company has topped consensus revenue estimates two times over the last four quarters.
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