Yum China Reports Tasty Q1 2021 Results
Without the negative impact of the COVID-19 pandemic to hold it back at this year's beginning, Yum China Holdings (NYSE: YUMC) reported improved results for the first quarter of 2021. The Shanghai-based fast-casual company -- a spinoff from Yum! Brands (NYSE: YUM) that holds franchises for Pizza Hut, Taco Bell, and KFC, along with a number of regional brands -- beat analyst expectations at both the top and bottom lines.
According to reports aggregating the consensus estimates of multiple Wall Street analysts, Yum China registered a 6.2% positive surprise, $150 million above the predicted $2.41 billion in sales. The actual revenue of $2.56 billion surged 46.3% year over year, without the pandemic causing a dining shutdown as was the case in early 2020. Adjusted earnings per share, or EPS, came in at $0.54, surpassing the forecast of $0.44 EPS for a 22.7% positive surprise.
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Source Fool.com
