Yum China Holdings, Inc. (NYSE:YUMC) shares moved higher on Wednesday after the company delivered a strong quarterly performance supported by steady demand and expanding digital engagement.
Growth in delivery, loyal customer base expansion and continued store development reinforced confidence in the company’s long-term strategy.
• Yum Brands stock is building positive momentum. Why is YUM stock advancing?
Quarterly Metrics
The company reported first-quarter adjusted earnings per share of 87 cents, beating the analyst consensus estimate of 86 cents. Quarterly sales of $3.271 billion (plus 10% year over year) outpaced the Street view of $3.235 billion.
Total system sales grew 4% year over year, excluding foreign currency translation.
“The late timing of Chinese New Year and the extra April spring break affected gathering patterns and same-store sales growth in …