Yum China's HK-traded shares are down about 3% since Tuesday, even as the KFC and Pizza Hut operator posted 4% year-on-year revenue growth last quarter.
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Yum Brands on Tuesday reported quarterly earnings and revenue that missed analysts' expectations as Pizza Hut and KFC reported…
Same-store sales at Taco Bell and KFC rose, while Pizza Hut reported same-store sales fell 1%.
Asian equities were lower, except for Vietnam, as the US dollar strengthened slightly overnight.
The firm upgraded the fast food conglomerate to outperform from in line.
Several catalysts, including a new CEO and strong international sales, could boost Yum Brands in the future.
On tariffs, "We estimate the impact to add about $1.1 billion to our costs," CEO Tim Cook said.
