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Yum China's (YUMC) first-quarter 2024 top line reflects a strong contribution from net new units and total system sales growth.
Yum China now has more than 15,000 restaurant locations, but sales at older restaurants fell in the most recent quarter, hitting profit margins. The company expects to open more than 1,500 new locations this year and return substantial cash to shareholders.
Yum China Holdings, Inc. (NYSE:YUMC ) Q1 2024 Earnings Conference Call May 29, 2024 8:00 PM ET Company Participants Joey Wat - Chief Executive Officer Andy Yeung - Chief Financial Officer Florence Lip - Senior Director, Investor Relations Conference Call Participants Michelle Cheng - Goldman Sachs Brian Bittner - Oppenheimer Chen Luo - Bank of America Lillian Lou - Morgan Stanley Anne Ling - Jefferies Ethan Wang - CLSA. Sijie Lin - CICC Operator Thank you for standing by, and welcome to the Yum China First Quarter 2024 Earnings Conference Call.
While the top- and bottom-line numbers for Yum China (YUMC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Yum China (YUMC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Evaluate the expected performance of Yum China (YUMC) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Several different food-related exchange traded funds (ETFs) are available that dabble in restaurant stocks. The largest is the Invesco Leisure and Entertainment ETF (NYSEARCA: PEJ ), with net assets of $298 million.
Investors interested in stocks from the Retail - Restaurants sector have probably already heard of Yum China Holdings (YUMC) and Chipotle Mexican Grill (CMG). But which of these two stocks is more attractive to value investors?
Yum China (YUMC) shares are likely to benefit from menu innovation, unit expansion and digitalization efforts.
Investors looking for stocks in the Retail - Restaurants sector might want to consider either Yum China Holdings (YUMC) or Chipotle Mexican Grill (CMG). But which of these two stocks is more attractive to value investors?