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2024-12-25

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2024-01-05

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Yum China 4Q Sales Likely Supported by KFC, Pizza Hut Brands -- Market Talk

2023-08-16

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They expect a decline in same-store sales for KFC and Pizza Hut in 1Q due to a high base last year and store openings in higher-tier cities. The analysts reckon that whether rising local players, such as Tastien, will become a threat in the long term depends on their product innovation and supply-chain capability. As a leader in China's quick-service restaurant sector, Yum China benefits from its scale and strong cash flow, they note. Jefferies maintains its buy rating and HK$510.70 target price on the stock. Yum China's H shares are 3.4% lower at HK$325.20. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 05, 2024 00:10 ET (05:10 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"YUMC":"百胜中国"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2401330136","content_text":"0510 GMT - Yum China's 4Q sales likely grew 7% on year, supported by its KFC and Pizza Hut brands, Jefferies analysts say in a research note. They expect a decline in same-store sales for KFC and Pizza Hut in 1Q due to a high base last year and store openings in higher-tier cities. The analysts reckon that whether rising local players, such as Tastien, will become a threat in the long term depends on their product innovation and supply-chain capability. As a leader in China's quick-service restaurant sector, Yum China benefits from its scale and strong cash flow, they note. Jefferies maintains its buy rating and HK$510.70 target price on the stock. Yum China's H shares are 3.4% lower at HK$325.20. 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