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
Thu, Feb 09, 2017 - 5:50 AM
Yum China's results were bolstered by same-store sales growth at KFC which grew one per cent in the fourth quarter, beating analyst estimates of a 0.4 per cent gain.
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...