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Shares of restaurant company Yum China Holdings (NYSE: YUMC) soared 33.2% in September, according to data provided by S&P Global Market Intelligence. It was a welcome development for shareholders ...
It was spun off from Yum! Brands in 2016, becoming an independent, publicly traded company on November 1, 2016. Yum China is a trademark licensee of Yum Brands, paying 3% of total systemwide sales to Yum Brands. It operates 8,484 restaurants in over 1,100 cities located in every province and autonomous region in Mainland China. It has a ...
The company's third-quarter performance inspired one analyst to upgrade his recommendation on the shares.
PepsiCo divested the brands in 1997, and these consolidated as Yum! The company operates KFC, Pizza Hut, Taco Bell, and since 2020, Habit Burger & Grill, except in China, where the brands are operated by a separate company, Yum China. Yum! previously also owned Long John Silver's and A&W Restaurants. Yum! was founded as Tricon Global ...
While Yum China's rally is looking a bit long in the tooth, with the stock now costing nearly 23 times trailing earnings, both Baidu and PDD stocks still look relatively cheap at price-to-earnings ...
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Yum China (YUMC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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