KFC, Taco Bell Parent Yum China Holdings Beats Q4 Earnings, Raises Dividend, Announces $1.25B Stock Buy-Back
Portfolio Pulse from Erica Kollmann
Yum China Holdings, Inc. (NYSE:YUMC) reported Q4 earnings surpassing analyst expectations with adjusted earnings of 25 cents per share and sales of $2.49 billion. The company raised its dividend from 13 to 16 cents and announced a $1.25 billion stock buy-back program for 2024. Yum China, operating major brands like KFC and Taco Bell in China, highlighted a 21% system sales growth in 2023. Shares surged 17.79% after-hours to $44.10.
February 06, 2024 | 10:34 pm
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Yum China reported higher-than-expected Q4 earnings, raised its dividend, and announced a significant stock buy-back program, leading to a 17.79% increase in after-hours trading.
The positive earnings report, dividend increase, and stock buy-back announcement are significant factors that typically lead to a positive investor sentiment and stock price increase. The after-hours trading surge of 17.79% reflects immediate market reaction to these positive developments.
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IMPORTANCE 90
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