Yum China Holdings, Inc. (YUMC) Beats Estimates Despite Fierce Competition

Yum China Holdings, Inc. (NYSE:YUMC) is one of the best emerging markets stocks to buy right now. On February 4, Yum China Holdings, Inc. (NYSE:YUMC) delivered better-than-expected fourth-quarter and full-year results despite having to contend with a fierce price war in China’s food delivery market.

The company’s operating profit was up 25% year over year to $187 million, beating consensus estimates of $179.8 million. On the other hand, revenue was up 8.8% year over year to $2.8 billion, beating analysts’ estimates of $2.7 billion. Consequently, earnings per share came in at 40 cents, against the 35 cents expected.

The better-than-expected results came as Yum China Holding shrugged off rising pricing pressure from food delivery platforms as tech giants poured billions in subsidies to win customers. Amid heightened competition, the company plans to grow its store count to more than 25,000 while also aiming to achieve an operating margin of 11.5% by 2028.

Yum China Holdings, Inc. (NYSE:YUMC) is the largest restaurant company in China, primarily engaged in the operation, development, and franchising of quick-service and casual dining restaurant chains.

READ NEXT: Top 10 Materials Stocks to Buy According to Analysts and 10 Best Organic Food and Farming Stocks to Buy Now.

Disclosure: None. This article is originally published at Insider Monkey.