0648 GMT - Yum China is expected to meet its mid-single-digit system sales growth target for 2H, Nomura analyst Jizhou Dong says in a note. Full-year revenue is projected to rise 4% and normalized earnings forecast to rise 2%, Dong says. The restaurant operator continues to boost customer engagement through product innovation, and new store concepts are expected to generate incremental traffic at modest cost, Dong adds. However, he anticipates slower sales momentum and a weaker margin outlook over the longer term. He cuts 2025-2027 revenue and earnings forecasts by 4%-9% and 7%-10%, respectively. Nomura maintains a buy rating on the stock but lowers its target price to HK$432.00 from HK$445.00. Yum China's H-shares are last at HK$339.40. (jason.chau@wsj.com)
(END) Dow Jones Newswires
October 30, 2025 02:48 ET (06:48 GMT)
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