Yum Delivers In China: Double-Digit Profit Growth, Margins Up, Same Store Sales Rise
- Wednesday, October 10, 2012, 12:01
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With earnings season unofficially starting on Tuesday, investors caught a glimpse of what China-heavy companies may bring to the table this quarter. Yum Brands posted a top-line miss and a bottom-line beat for its third quarter, but investors focused on its performance in China, where operating profits surged 22% and same store sales gained 6%. The company raised its guidance and as the stock took off in post-market trading.
http://www.forbes.com/sites/afontevecchia/2012/10/09/yum-delivers-in-china-double-digit-profit-growth-margins-up-same-store-sales-rise/
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