Shares of Yum China Holdings Inc. dropped more than 3% in the extended session Monday after the operator of KFC, Pizza Hut and other fast-food brands in...
Shares of Yum China Holdings Inc.
dropped more than 3% in the extended session Monday after the operator of KFC, Pizza Hut and other fast-food brands in China reported lower-than-expected second-quarter revenue and seemed to temper investors’ expectations for its third quarter. Yum China earned $197 million, or 47 cents a share, in the quarter, compared with $83 million, or 20 cents a share, in the year-ago period. Revenue rose 25% to $2.65 billion, the company said.
dropped more than 3% in the extended session Monday after the operator of KFC, Pizza Hut and other fast-food brands in China reported lower-than-expected second-quarter revenue and seemed to temper investors’ expectations for its third quarter. Yum China earned $197 million, or 47 cents a share, in the quarter, compared with $83 million, or 20 cents a share, in the year-ago period. Revenue rose 25% to $2.65 billion, the company said.
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