Yum China's maiden quarterly earnings beat forecasts
The company is banking on aggressive expansion to keep it ahead of other US chains in China
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New York
YUM China Holdings Inc, the Chinese fast food company that was spun off from its US parent in October, topped earnings estimates in its inaugural quarterly results with the help of its growing KFC chain.
The company posted profit of 17 US cents a share, excluding some items, compared with an average estimate of 10 US cents. Same-store sales growth at KFC helped bolster results, while its Pizza Hut division performed worse than expected.
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