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<Research> Nomura Raises YUM CHINA (09987.HK) TP to HKD464; 1Q26 Results Slightly Beat Expectations
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Nomura issued a report stating that despite flat same-store sales growth and a higher contribution from delivery sales, YUM CHINA (09987.HK) still recorded solid growth in operating profit in 1Q26. The broker maintained a Buy rating and raised the TP from HKD459 to HKD464. The report noted that YUM CHINA's 1Q26 results slightly beat market expectations and set a quarterly record for new store openings. Quarterly revenue increased 10% YoY (up 4% excluding currency impact) to USD3.27 billion, compared with market expectations of USD3.22 billion. Operating profit rose 12% YoY (up 6% excluding currency impact) to USD447 million, versus market expectations of USD434 million. (ha/j) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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