YUMC Stock Recent News
YUMC LATEST HEADLINES
Yum China (YUMC) anticipates high inflation and lower consumer confidence to act as a headwind. It expects inflationary pressures to persist throughout 2023.
Forget the outgoing year's flavors of the week if you want to see sizable growth in your portfolio; instead, go the contrarian route and consider so-called underdog stocks. These may be the disappointments of 2023.
SHANGHAI , Dec. 12, 2023 /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today announced that it will report its unaudited financial results for the fourth quarter and fiscal year ending December 31, 2023 at 4:30 p.m. U.S. Eastern Time on Tuesday, February 6, 2024 (5:30 a.m.
Yum China (YUMC) reported earnings 30 days ago. What's next for the stock?
Yum China Holdings Inc. YUMC, +0.95% said Thursday it has entered into share buyback agreements in the U.S. and Hong Kong for an aggregate $750 million in 2024. The move is part of a plan to return $3 billion to shareholders and buybacks in the period stretching from 2024 to 2026.
"We are very committed to China," Yum China CEO Joey Wat tells CNBC amid the company's bullish outlook at the Morgan Stanley Asia-Pacific Summit.
Yum China announced weaker-than-expected third-quarter revenue and earnings. The parent company of KFC and Pizza Hut in China also warned of "softening consumer demand" beginning late in the quarter.
Yum China (YUMC) third-quarter 2023 results hurt by soft consumer demand in late September through October.
Yum China Holdings, Inc. (YUMC) Q3 2023 Earnings Call Transcript
The headline numbers for Yum China (YUMC) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.