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Yum China Holdings fiscal Q2 profit climbs 22.9% YOY

Yum China Holdings Inc. said its normalized net income for the fiscal second quarter ended May 31 came to 24 cents per share, compared with the S&P Capital IQ consensus estimate of 28 cents per share.

EPS climbed 12.6% year over year from 22 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $97.1 million, a gain of 22.9% from $79.0 million in the year-earlier period.

The normalized profit margin increased to 6.1% from 5.0% in the year-earlier period.

Total revenue totaled $1.59 billion, compared with $1.59 billion in the prior-year period, and total operating expenses declined year over year to $1.45 billion from $1.48 billion.

Reported net income rose 40.4% from the prior-year period to $107.3 million, or 27 cents per share, from $76.4 million, or 21 cents per share.