Yum China Holdings, Inc. (YUMC) announced the opening of the 200th store of KFC’s coffee brand, K-COFFEE, in China. The milestone number was achieved upon recent two store openings in Hangzhou East Railway Station and Hangzhou International Airport.The K-COFFEE’s side-by-side store model houses shared kitchen facilities with KFC stores, which help reduce investment and operating costs while providing exceptional value to its customers. Currently, K-COFFEE side-by-side stores are spread out across more than ...

SHANGHAI, July 1, 2024 /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") is pleased to announce that KCOFFEE has opened its 200th store in China[1], following two new store openings yesterday in Hangzhou East Railway Station and Hangzhou International Airport. KCOFFEE Store in Hangzhou East Railway Station KCOFFEE Store in Hangzhou International Airport KCOFFEE's side-by-side store model, which consists of distinct KCOFFEE storefronts and dining areas wi ...

SHANGHAI, June 17, 2024 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China", NYSE: YUMC and HKEX: 9987) and its joint venture partner Lavazza, one of the world's most prominent coffee manufacturers, announced today that they will bring a new partnership between Lavazza and iconic super sports car producer Automobili Lamborghini to the China market. Starting June 18, Lavazza will introduce a limited-time co-branded "LAVAZZA Shakerato" drink with Automobili Lamborghini in China, showcasing ...

SHANGHAI, June 3, 2024 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China", NYSE: YUMC and HKEX: 9987) today announced that in celebration of Children's Day in China, over 4 million toy set meals have been sold this year as of June 2. Building on its long-term collaboration, KFC China teamed up with Pokémon again this year, offering six new Pokémon toys for this year, designed to appeal to fans of all ages. The exciting lineup included a Gengar memory game, a popular gaming toy; a Pikachu ...

SHANGHAI, May 31, 2024 /PRNewswire/ -- Yum China's Chinese Dining Business Unit – which includes the Little Sheep and Huang Ji Huang brands – made exciting new progress since the beginning of 2024, with new stores added to its domestic and global portfolio and innovative new store formats introduced to serve a broader range of party sizes.In May 2024 alone, nine new Little Sheep stores were added in multiple first-, second-, and third-tier cities across China. Internationally, Little Sheep recently returned ...

It has been about a month since the last earnings report for Yum China Holdings (YUMC) . Shares have lost about 2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Yum China due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Yum China Q1 Earnings and Revenues Surpas ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _________________ Commission file number 001-37762 Yum China Holdings, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 8 ...

Yum China Holdings, Inc. (YUMC) reported impressive first-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis. The upside can be attributed to robust total system sales growth and new unit contribution.Earnings & Revenue DiscussionIn first-quarter 2024, the company reported adjusted earnings per share (EPS) of 71 cents, beating the Zacks Consensus Estimate of 66 cents. The bottom line moved up 2.9% from 69 cen ...

Certain metrics fell in the latest quarter, but the company is promising some good things for the year.Shares of restaurant company Yum China (YUMC -6.42%) -- parent company of KFC, Pizza Hut, and more in China -- dropped on Tuesday after it reported financial results for the first quarter of 2024. The company grew sales by opening new restaurants, but sales at existing restaurants fell, which was not something investors cared for. As of 10 a.m. ET, Yum China stock was down 6%, but it had been down 10% earl ...

Financial Data and Key Metrics Changes - System sales grew 6% year-over-year, following a 17% growth last year [6][22] - Revenue reached an all-time high of US$3 billion in the quarter [6] - Core operating profit improved to US$396 million from US$392 million last year [6][22] - Adjusted operating profit was the second highest in 30 quarters since the spin-off [6] - Diluted EPS grew 10% year-over-year to $0.71 [27] Business Line Data and Key Metrics Changes - KFC system sales increased 7% year-over-year, with 307 net new stores added [23] - KFC same-store sales were at 98% of prior year levels, with 4% same-store traffic growth [23] - Pizza Hut system sales increased 4% year-over-year, with 113 net new stores added [24] - Pizza Hut same-store sales were at 95% of prior year levels, driven by strong traffic growth of 8% [24] Market Data and Key Metrics Changes - Two-thirds of new store openings were in smaller store formats [9] - KFC's delivery sales grew by 14%, maintaining consistent growth over the past decade [36] - Sales at shopping malls surpassed 2019 levels, indicating robust trading [35] Company Strategy and Development Direction - The company aims to open 1,500 to 1,700 net new stores in 2024, focusing on strategic locations [29] - The flexible store models and franchise partnerships are key to capitalizing on opportunities in lower-tier cities [9] - The company is committed to enhancing operational efficiency through initiatives like Project Fresh Eye [20][21] Management's Comments on Operating Environment and Future Outlook - Management noted that competition remains intense but is viewed positively as it drives industry growth [50] - The company anticipates a challenging second quarter due to high base comparisons from last year [28] - Management emphasized the importance of adapting to consumer behavior and maintaining a balanced approach to pricing and product offerings [34][39] Other Important Information - The company returned a record US$745 million to shareholders in the first quarter through share repurchases and dividends [29] - The effective tax rate was 26.9% in the first quarter, lower than the previous year due to fewer non-tax deductible expenses [27] Q&A Session Summary Question: Insights on same-store sales and consumption trends - Management highlighted robust transaction growth during the Chinese New Year and noted that consumers are responding well to both high-ticket and lower-ticket items [33][34] Question: Traffic growth sources - Management indicated that traffic growth is coming from both new customers and increased frequency from existing customers, with a focus on value for money [41][42] Question: Competitive environment and promotional intensity - Management acknowledged that competition has intensified but emphasized the importance of evolving with competitors and maintaining a consistent strategy [50][51] Question: Cost of goods sold and food cost outlook - Management noted that food costs have increased due to promotional activities but expect favorable commodity prices to help manage costs moving forward [60][61] Question: Delivery services resilience post-COVID - Management confirmed that delivery sales have remained strong and are focusing on smaller order sizes to enhance growth in this segment [66]