Yum China Holdings Q3 2023 Adj EPS $0.59 Misses $0.68 Estimate, Sales $2.91B Miss $3.06B Estimate
Portfolio Pulse from totan@benzinga.com
Yum China Holdings (NYSE:YUMC) reported Q3 2023 earnings of $0.59 per share, missing the analyst consensus estimate of $0.68 by 13.24%. The company also reported quarterly sales of $2.91 billion, missing the analyst consensus estimate of $3.06 billion by 4.77%. However, both earnings and sales increased compared to the same period last year.
October 31, 2023 | 8:35 pm
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NEGATIVE IMPACT
Yum China's Q3 2023 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term. However, the YoY growth in both earnings and sales might mitigate this impact.
Yum China's earnings and sales for Q3 2023 missed analyst estimates, which is typically a negative signal for investors and could lead to a decrease in the stock price. However, the company reported YoY growth in both earnings and sales, which could be seen as a positive signal and might mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100