BUZZ-Yum China's US shares rise on better-than-expected Q4 results

Reuters02-07

** U.S.-listed shares of Yum China Holdings up 9.6% at $41.01 premarket

** Restaurant chain on Tuesday posted 19.4% YoY increase in Q4 revenue at $2.49 bln and adjusted profit of 25 cents/shr, both topping expectations

** "Not only did we demonstrate strong resilience during the pandemic, but we also seized opportunities that arose from China's reopening," says CEO Joey Wat

** Co declares 23% increase in cash dividend to 16 cents; says it aims to reach total store count of 20,000 in 2026

** YUMC's Hong Kong-listed shares hit over 3-month high

** J.P.Morgan raises PT following results to $40 from $38, representing a 6.8% upside to stock's last close

** U.S.-listed shares of YUMC are down 11.8% YTD as of last close

(Reporting by Granth Vanaik in Bengaluru)

((Granth.Vanaik@thomsonreuters.com; Twitter: ))

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