China Holdings Surpasses Q4 Expectations, Announces Dividend Increase and $1.25B Stock Buyback

While Yum Brands Inc. misses Wall Street forecasts for Q4, its counterpart in China reports strong financial performance and shareholder returns.

Yum China Holdings reports fourth-quarter net income of $97 million, with adjusted earnings of 25 cents per share, surpassing Wall Street expectations.
Quarterly sales for Yum China reached $2.49 billion, exceeding analyst forecasts and marking a significant growth from the previous year.
Yum Brands Inc., the parent company of KFC, Taco Bell, and Pizza Hut, reported fourth-quarter earnings of $463 million but fell short of analyst expectations.
Yum China announces a dividend increase from 13 cents to 16 cents per share and a $1.25 billion share repurchase program for 2024.
Yum China's CEO highlights 2023 as a pivotal year, with system sales growing by 21% and setting new records for revenue and profits.