Yum China Holdings, Inc. (NYSE:YUMC) reported third-quarter adjusted earnings per share of 76 cents, beating the analyst consensus estimate of 74 cents.

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Quarterly sales of $3.206 billion surpassed the Street view of $3.186 billion.

Total revenues increased 4% year-over-year (Y/Y), with a 4% increase excluding the impact of foreign exchange.

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Same-store sales rose 1% Y/Y, with same-store transactions continuing to rise and grew by 4% Y/Y in the quarter.

System sales increased 4% Y/y, led by an increase of 4% in net new unit contribution and same-store sales growth.

Both operating profit and core operating profit increased by 8% Y/Y to $400 million.

Yum China's third-quarter operating margin was 12.5%, up 40 basis points year-over-year. The margin growth was supported by restaurant margin expansion.

Key Metrics

Yum China delivery sales recorded a 32% year-over-year increase, accounting for approximately 51% company's ...