Yum China Comparable Sales Beat Estimates; KFC, Pizza Hut Surge.

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    • Subject Terms:
      KFC Corp. ; PIZZA Hut Inc.
    • Abstract:
      Yum China Holdings Inc., the fast-food operator in China, reported that its comparable sales in the fourth quarter exceeded estimates, with a growth rate of 4%. The company's revenue from KFC restaurants increased by 18% to $1.87 billion, while Pizza Hut's revenue surged by 23% to $496 million. Yum China has been offering regular discounts and promotions to attract customers amidst an economic downturn and increasing competition in the Chinese market. The company's stock also rose by 17% in postmarket trading. [Extracted from the article]
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