---
title: "\"Analysis Report\": Goldman Sachs lowers its target price for Yum China to 555 yuan, with a \"Buy\" rating."
description: "Goldman Sachs has released a report stating that Yum China will announce its third-quarter performance on November 1st. It is expected that the quarterly sales, restaurant profit, and operating profit"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/99089163.md"
published_at: "2023-10-04T02:04:12.000Z"
---

# "Analysis Report": Goldman Sachs lowers its target price for Yum China to 555 yuan, with a "Buy" rating.

> Goldman Sachs has released a report stating that Yum China will announce its third-quarter performance on November 1st. It is expected that the quarterly sales, restaurant profit, and operating profit will increase by 9%, 8%, and 21% respectively compared to the previous year. It is also predicted that same-store sales for KFC and Pizza Hut will increase by 5% and 4% respectively, reaching 91% and 94% of pre-pandemic levels, which is higher than the industry average of about 75%. In terms of profit margin, the bank expects the restaurant profit margin to remain the same as the same period last year, at 18.

Goldman Sachs has released a report stating that Yum China Holdings (09987.HK) will announce its third-quarter performance on November 1st. It is expected that the quarterly sales, restaurant profit, and operating profit will increase by 9%, 8%, and 21% respectively compared to the previous year. It is also predicted that same-store sales for KFC and Pizza Hut will grow by 5% and 4% respectively, reaching 91% and 94% of pre-pandemic levels, which is higher than the industry average of approximately 75%. In terms of profit margin, the bank expects the restaurant profit margin to remain the same as the same period last year, at 18.6%. The bank has lowered its target price for the company's H shares to 555 yuan and maintains a "buy" rating.

### Related Stocks

- [YUM.US - Yum! Brands](https://longbridge.com/en/quote/YUM.US.md)
- [YUMC.US - YUM China](https://longbridge.com/en/quote/YUMC.US.md)
- [09987.HK - YUM CHINA](https://longbridge.com/en/quote/09987.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
