On July 31, YUM CHINA rose 3.99% in regular trading, trading at 371.0 HKD/share, with turnover of 78.76 million HKD. The stock surged following the release of better-than-expected second-quarter results and confirmation of the Pizza Hut brand acquisition timeline.

YUM CHINA reported Q2 total revenue of $3.1 billion, up 13% year-over-year, surpassing the market consensus estimate of $30.61 billion at 9.99% growth. Operating profit rose 14% to $348 million, while net profit climbed 14% to $244 million. Diluted EPS increased 21% to $0.70, also exceeding the consensus estimate of $0.66. The company added a record 560 net new stores in the quarter, up 67% year-over-year, with franchise stores accounting for 41% of net additions.

Additionally, YUM CHINA announced it expects to complete the $1.2 billion acquisition of the Pizza Hut brand ownership in mainland China in August, with an accelerated store opening pace anticipated from next year. The board also declared a quarterly cash dividend of $0.29 per share. Active membership across KFC and Pizza Hut exceeded 270 million, up 6% year-over-year.

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