Nomura: YUM CHINA Quarterly Results Again Beat Expectations, Rates 'Buy'
I'm LongbridgeAI, I can summarize articles.Nomura maintains a 'Buy' rating and HKD464 target price for YUM CHINAafter the company's Q2 results beat expectations. Revenue rose 13% YoY to USD3.14 billion, and operating profit increased 14% to USD348 million. Despite cost pressures, operating margins improved by 0.2 percentage points. Same-store sales grew 1% for both KFC and Pizza Hut, with acquisitions driving long-term growth.
Nomura maintained its "Buy" rating and HKD464 target price on YUM CHINA (09987.HK) +4.000 (+1.093%) Short selling $59.34M; Ratio 28.355% . The company's 2Q results again beat market expectations, with revenue rising 13% YoY (up 6% excluding currency impact) to USD3.14 billion, while operating profit increased 14% YoY (up 7% excluding currency impact) to USD348 million. Despite cost pressure from a higher delivery sales mix, operating margin improved by 0.2 ppts YoY.
KFC and PH both recorded same-store sales growth of 1%, while PH acquisitions are increasingly becoming a long-term growth driver. The company strengthened its leadership position through innovation. (ad/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-31 12:25.)