Powered by

3 Reasons China's KFC and Pizza Hut Franchisee Is a Buy For 2021

Feb 11, 2021 - Nasdaq

Yum China (NYSE: YUMC) -- franchisee of KFC, Pizza Hut, and Taco Bell from Yum! Brands (NYSE: YUM) in mainland China -- made lots of positive progress to close out 2020. Sales were back in year-over-year growth mode (up 11% to $2.26 billion), and adjusted net income was up 56% to $153 million (or up 76% when excluding Yum China's investment gains on Chinese delivery leader Meituan-Dianping (OTC: MPNG.Y)).

China's leading restaurant operator is about to start lapping results that were deep...