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Yum China (09987.HK) spent $2.4 million on November 6th to repurchase 0.049 million shares.
November 7th, Blauhk announced that it repurchased 0.049 million shares for $2.4 million on November 6th.
[Brokerage Focus] Dongbei Securities maintains a 'buy' rating on Yum China (09987), indicating that same-store sales are expected to turn positive in Q4 due to the low base effect.
Jingu Financial News | Dongbei Securities issued a research report, yum china (09987) released the 2024Q3 financial report, with total revenue in Q3 reaching $3.07 billion / +4% excluding exchange rate impact, operating profit adjusted to $0.37 billion / +13% excluding exchange rate impact, net income adjusted to $0.3 billion / +19% excluding exchange rate impact, net margin adjusted to 9.7% / +1.2pct. Core financial indicators all exceeded market expectations. The bank stated that in Q3, the company opened a net total of 438 stores, including 352 new KFC/Pizza Hut/restaurants as well as a net closure of 16 other brand stores, with KFC reaching 11283 stores.
[Brokerage Focus] Guosen Securities maintains a "outperform the market" rating on Yum China (09987), citing its strong performance in same-store sales and new store expansion in the third quarter.
Jingu Finance News | Guosen Securities released a research report, yum china (09987) achieved revenue of 3.07 billion USD in the third quarter, up 5.4% with record high quarterly revenue; core operating profit of 0.369 billion USD, up 18.3%; adjusted net income of 0.297 billion USD, up 19.8%; revenue and profit growth rates compared to Q2 (revenue +1%/core operating profit +12%/adjusted net income +7%) continued to accelerate. In 2024Q3, raw materials/labor/rent rose by 0.6/-0.2/-0.3pct respectively year-on-year, leading to restaurant profit margin of 17.0% remaining flat year-on-year.
Express News | Shares of Restaurant Companies Are Trading Higher. Investors May Be Reacting to the US Presidential Election and Its Impact on Consumer Spending
DBS Maintains Yum China(YUMC.US) With Buy Rating, Cuts Target Price to $63.04
Macquarie Maintains Yum China(YUMC.US) With Buy Rating, Raises Target Price to $53.99
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