Yum China's Q4 Revenue Beats Expectations, Shares Reach Two-Year High

Yum China's Hong Kong-listed shares surged to a two-year high after the company reported a 9% YoY increase in Q4 revenue to $2.8 billion and a 3% YoY rise in same-store sales. The company's delivery sales expanded 34% YoY, and its operating profit margin and restaurant margin improved by 80 and 70 basis points, respectively. Analysts cheered the results and reiterated bullish calls, citing early signs of improving consumption recovery in China.