For the quarter ended June 2023, Yum China Holdings (YUMC) reported revenue of $2.65 billion, up 24.7% over the same period last year. EPS came in at $0.47, compared to $0.20 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.64 billion, representing a surprise of +0.40%. The company delivered an EPS surprise of +20.51%, with the consensus EPS estimate being $0.39.
While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company’s underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock’s price performance more accurately.
Here is how Yum China performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Same-store sales, excluding F/X – KFC: 15% compared to the 14.2% average estimate based on five analysts.
- Same-store sales, excluding F/X – Pizza Hut: 13% compared to the 14% average estimate based on five analysts.
- No of Restaurants – Pizza Hut: 3072 versus the four-analyst average estimate of 3037.11.
- No of Restaurants – Others: 968 compared to the 968.5 average estimate based on four analysts.
- Same-store sales, excluding F/X – Total: 15% versus 16.28% estimated by four analysts on average.
- No of Restaurants – Total: 13602 compared to the 13400.97 average estimate based on four analysts.
- Revenues- Revenues from transactions with franchisees: $89 million versus $101.19 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +43.6% change.
- Revenues- Franchise fees and income: $21 million versus the four-analyst average estimate of $29.17 million. The reported number represents a year-over-year change of +10.5%.
- Revenues- Company sales: $2.52 billion compared to the $2.47 billion average estimate based on four analysts. The reported number represents a change of +24.2% year over year.
- Revenues- Other revenues: $27 million versus the three-analyst average estimate of $20.75 million. The reported number represents a year-over-year change of +28.6%.
- Revenues- Pizza Hut: $554 million versus the three-analyst average estimate of $577.28 million. The reported number represents a year-over-year change of +23.7%.
- Revenues- KFC: $1.98 billion versus the three-analyst average estimate of $1.96 billion. The reported number represents a year-over-year change of +24.5%.
View all Key Company Metrics for Yum China here>>>
Shares of Yum China have returned +5.8% over the past month versus the Zacks S&P 500 composite’s +4.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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