Yum China (YUMC) reported Q2 EPS of $0.20, $0.20 better than the analyst estimate of $0.00. Revenue for the quarter came in at $2.13 billion versus the consensus estimate of $2.18 billion.
2022 Outlook:
Yum China remains focused on capturing long-term opportunities in China. The Company's fiscal year 2022 targets remain unchanged from those originally disclosed on February 8, 2022:
- To open approximately 1,000 to 1,200 net new stores.
- To make capital expenditures in the range of approximately $800 million to $1 billion.