Yum China 4Q Sales Likely Supported by KFC, Pizza Hut Brands -- Market Talk

Dow Jones01-05

0510 GMT - Yum China's 4Q sales likely grew 7% on year, supported by its KFC and Pizza Hut brands, Jefferies analysts say in a research note. They expect a decline in same-store sales for KFC and Pizza Hut in 1Q due to a high base last year and store openings in higher-tier cities. The analysts reckon that whether rising local players, such as Tastien, will become a threat in the long term depends on their product innovation and supply-chain capability. As a leader in China's quick-service restaurant sector, Yum China benefits from its scale and strong cash flow, they note. Jefferies maintains its buy rating and HK$510.70 target price on the stock. Yum China's H shares are 3.4% lower at HK$325.20. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

January 05, 2024 00:10 ET (05:10 GMT)

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01-05
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They expect a decline in same-store sales for KFC and ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"YUMC","symbol_name":"百胜中国","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2401330136","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2401330136","pubTimestamp":1704431400,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0510 GMT - Yum China's 4Q sales likely grew 7% on year, supported by its KFC and Pizza Hut brands, Jefferies analysts say in a research note. 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