Yum China Holdings (YUMC) reported $2.98 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 0.8%. EPS of $0.77 for the same period compares to $0.71 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.11 billion, representing a surprise of -4.19%. The company delivered an EPS surprise of -1.28%, with the consensus EPS estimate being $0.78.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...

Yum China Holdings (YUMC) came out with quarterly earnings of $0.77 per share, missing the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.28%. A quarter ago, it was expected that this restaurant operator in China would post earnings of $0.29 per share when it actually produced earnings of $0.30, delivering a surprise of 3.45%.Over the last four ...

First Quarter 2025 Results Apr 30, 2025 NYSE: YUMC and HKEX: 9987 Cautionary Statement This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to hist ...

Yum China (YUMC) Q1 2025 Earnings Call April 30, 2025 07:00 AM ET Speaker0 and thank you for standing by. Welcome to the Yum China First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. I I would now like to hand the conference over to your speaker today, Florence Lipps, Senior Director of Investment Relations. Please go ahead. Thank you, operator. Speaker1 Hello, ever ...

Core Viewpoint - Yum China Holdings, Inc. will report its unaudited financial results for the first quarter ended March 31, 2025, on April 30, 2025, before the U.S. market opens [1] Financial Reporting - The earnings conference call will take place at 7:00 a.m. U.S. Eastern Time on April 30, 2025, which corresponds to 7:00 p.m. Beijing/Hong Kong Time on the same day [2] - A live webcast of the earnings call will be available, and participants must register in advance to receive dial-in numbers and a unique access PIN [2][3] - A replay of the webcast will be accessible two hours after the event and will remain available until April 29, 2026 [3] Company Overview - Yum China is the largest restaurant company in China, operating over 16,000 restaurants under six brands across approximately 2,200 cities [4] - The leading brands include KFC in the quick-service segment and Pizza Hut in the casual dining segment [4] - The company has partnered with Lavazza to develop a coffee concept in China and operates brands specializing in Chinese cuisine, such as Little Sheep and Huang Ji Huang, as well as Taco Bell for Mexican-inspired food [4] - Yum China boasts a digitalized supply chain with a nationwide logistics network and an in-house supply chain management system, enhancing customer reach and service [4] - The company is recognized as a Fortune 500 entity with a vision to be the world's most innovative pioneer in the restaurant industry [4]

SHANGHAI, April 7, 2025 /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today announced that it has published its 2024 Sustainability Report. This report outlines the achievements and ongoing progress towards Yum China's sustainability goals in three focus areas: People, Environment and Food.Key highlights from the report include: Yum China is dedicated to the "People First" philosophy, focusing on effectively supporting our frontline staff and maintaining ...

Company Overview - Yum China Holdings, Inc. is the largest quick-service restaurant player in China, operating over 16,000 restaurants across more than 2,200 locations [1] Financial Performance - The company demonstrates resilience in a challenging macroeconomic environment, maintaining solid topline growth [1]

Core Viewpoint - Yum China Holdings, Inc. (YUMC) has experienced a 10.8% stock price increase over the past three months, outperforming the industry average of 3.6%, driven by unit expansion, menu innovation, and digitalization efforts, despite concerns regarding an uncertain macro environment [1] Group 1: Growth Drivers - The company is focused on aggressive unit growth, having opened 534 net new stores in Q4 2024, bringing the total to 16,395, with KFC and Pizza Hut showing strong performance and quick payback periods of two to three years [2] - Yum China is optimistic about long-term growth in China, targeting underserved areas and enhancing accessibility through customized store formats, aiming for a franchise proportion of 40-50% for KFC and 20-30% for Pizza Hut in the coming years [3] - Menu innovation plays a crucial role, with KFC and Pizza Hut regularly introducing new items that cater to evolving consumer preferences, maintaining transaction growth while broadening the customer base [4] Group 2: Digitalization and Sales - The company has significantly invested in digitization, with digital sales reaching $9.6 billion in 2024, accounting for approximately 90% of total sales, supported by automation and AI to enhance customer experience [5] Group 3: Cost Concerns - Yum China faces high structural costs related to labor and rentals, with total costs and expenses rising to $2.44 billion in Q4 2024 from $2.38 billion in the previous year, and anticipates a 5.4% increase in restaurant expenses to $9.5 billion in 2025 due to wage inflation [7]

Company Overview - Yum China Holdings, Inc. is the largest restaurant company in China, operating over 16,000 restaurants across more than 2,200 cities under six brands, including KFC and Pizza Hut, which are leaders in their respective segments [6] - The company has a mission to make every life taste beautiful and aims to be the world's most innovative pioneer in the restaurant industry [6] Leadership Appointment - Adrian Ding has been appointed as Chief Financial Officer, effective March 6, 2025, after serving as Acting CFO since October 2024 [1] - CEO Joey Wat expressed confidence in Adrian's ability to drive the company's RGM 2.0 strategy, highlighting his significant contributions over the past five months [2] Adrian Ding's Background - Adrian joined Yum China in March 2019 as Vice President of Corporate Finance and served as Chief Investment Officer from February 2020 to March 2025 [2] - He has led multiple investment and capital markets projects, including acquisitions and strategic investments in supply chain and technology [2] - Prior to Yum China, Adrian worked at Alibaba Group and has extensive experience in investment banking with firms like UBS, Morgan Stanley, and Citigroup [3]

Cash Flow and Capital Management - Net cash provided by operating activities decreased to $1,419 million in 2024 from $1,473 million in 2023, primarily due to working capital changes[440]. - Net cash used in investing activities significantly decreased to $178 million in 2024 from $743 million in 2023, mainly due to changes in short-term investments and long-term deposits[440]. - Net cash used in financing activities increased to $1,636 million in 2024 from $716 million in 2023, driven by increased share repurchases and repayment of short-term borrowings[441]. - The company repurchased 31.3 million shares for $1,242 million in 2024, compared to 12.4 million shares for $617 million in 2023[446]. - Total cash dividends paid increased to $248 million in 2024 from $216 million in 2023, with a quarterly dividend of $0.16 per share in 2024[447]. - The company plans to increase capital returns to shareholders from $3 billion to $4.5 billion between 2024 and 2026, representing a 50% increase[448]. - Fiscal year 2025 capital expenditures are expected to be in the range of approximately $700 million to $800 million[443]. - As of December 31, 2024, the company had unused credit facilities of approximately $1,041 million[451]. - Material cash requirements as of December 31, 2024, totaled $3,172 million, with significant obligations related to operating leases and finance leases[452]. - The company has entered into share repurchase agreements for approximately $360 million for the first half of 2025[448]. Intangible Assets and Impairment - The company evaluated indefinite-lived intangible assets, with a book value of $123 million and $127 million as of December 31, 2024 and 2023, respectively, related to the Little Sheep and Huang Ji Huang trademarks, concluding no impairment charges were necessary for 2024 and 2023[466][467]. - Goodwill amounted to $1,880 million as of December 31, 2024, associated with KFC, Pizza Hut, Huang Ji Huang, and Lavazza reporting units, with no impairment charges recorded for 2024 and 2023[472]. - The company performed qualitative impairment assessments for its trademarks and concluded that it was more likely than not that the assets were not impaired, resulting in no impairment charges recorded[467]. - The company continues to evaluate its long-lived assets for impairment semi-annually, based on forecasted undiscounted cash flows and market participant assumptions[463][464]. - The discount rate used in fair value calculations for goodwill and intangible assets reflects the required rate-of-return expected by a third-party buyer, which is influenced by the risks and uncertainties of forecasted cash flows[470][471]. - The company’s estimates of future cash flows for impairment assessments are highly subjective and can be significantly impacted by changes in business or economic conditions[471]. Tax and Regulatory Matters - The company had $19 million and $20 million of unrecognized tax benefits as of December 31, 2024 and 2023, respectively, related to uncertainties in the deductibility of certain business expenses[478]. - The total temporary difference for which the company has not provided foreign withholding taxes is approximately $3 billion as of December 31, 2024, with a foreign withholding tax rate of 5% or 10% depending on the repatriation method[480]. - The company has been under a national audit on transfer pricing by the STA in China since 2016, which may lead to significant developments in the next 12 months[479]. Share-Based Compensation - The fair value of share-based compensation is estimated using models that require subjective assumptions, which can materially affect the fair value estimate and, consequently, the company's operating profit and net income[474][477].