Yum China beats by $0.19, reports revs in-line; comps were flat, with flat growth at KFC and +2% growth at Pizza Hut, excluding FX
- Reports Q3 (Sep) earnings of $0.49 per share, excluding non-recurring items, $0.19 better than the S&P Capital IQ Consensus of $0.30; revenues rose 5.1% year/year to $2.69 bln vs the $2.71 bln S&P Capital IQ Consensus.
- Total system sales increased 5% yr/yr, with increases of 5% at KFC and 7% at Pizza Hut, excluding F/X.
- Same-store sales were flat yr/yr, with flat growth at KFC and an increase of 2% at Pizza Hut, excluding F/X.
- Opened 239 net new stores during the quarter; total store count reached 12,409 as of September 30, 2022.
- Restaurant margin was 18.8%, compared with 12.2% in the prior year period.
- Total system sales increased 5% yr/yr, with increases of 5% at KFC and 7% at Pizza Hut, excluding F/X.
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