Yum China Holdings, Inc. - YUMC STOCK NEWS

Yum China Holdings reported its Q3 results for 2020, showing a 1% increase in total revenues to $2.35 billion, despite ongoing COVID-19 impacts. System sales also rose 1%, although same-store sales fell by 6% year-over-year. The company launched a secondary listing on the Hong Kong Stock Exchange, raising $2.2 billion. Operating profit surged 86% to $556 million, driven by a non-cash gain from acquiring 25% of Suzhou KFC. Diluted EPS climbed 90% to $1.10. The company plans to open over 900 new stores and resume cash dividends, reflecting confidence in future growth.

Yum China Holdings (YUMC) announced its board will consider declaring a quarterly dividend on or around October 29, 2020. This decision is in compliance with HKEX rules, which require advance notice of meetings related to dividends. As there is no resolution currently adopted, the actual dividend declaration remains uncertain. Yum China operates popular restaurant brands including KFC and Pizza Hut in China, with 9,954 restaurants across over 1,400 cities by mid-2020.

Yum China Holdings has announced the schedule for its third-quarter financial results report for the period ending September 30, 2020. The results will be released on October 28, 2020, at 4:30 p.m. U.S. Eastern Time, with a subsequent earnings conference call at 8:00 p.m. the same day. Investors can access a live webcast and a replay of the call afterward. Yum China operates leading restaurant brands like KFC and Pizza Hut in mainland China, with nearly 10,000 locations as of June 2020.

Yum China Holdings (NYSE: YUMC) has officially listed on the Main Board of the Hong Kong Stock Exchange as of September 10, 2020. This follows its successful independent listing in 2016. The shares are fully fungible with NYSE shares. The company announced a new Restricted Stock Units (RSU) program, granting $3,000 in RSUs to eligible Restaurant General Managers, benefiting approximately 4,000 RGMs in the first year. Yum China operates over 9,954 restaurants across 1,400 cities in China and aims for continued expansion and innovation.

Yum China Holdings, Inc. (YUMC) has announced the pricing of its global offering, consisting of 41,910,700 new shares priced at HK$412.00 (US$53.16) per share. The offering aims to raise approximately HK$17,267 million (US$2,228 million), with a potential total of HK$19,857 million (US$2,562 million) if the over-allotment option is exercised. The funds will be allocated to expanding its restaurant network, investing in digitalization, food innovation, and general corporate purposes. Shares will begin trading in Hong Kong on September 10, 2020.

On August 31, 2020, Yum China announced its Hong Kong public offering, part of a global offering of 41,910,700 new shares. The offering includes 1,676,500 shares for the Hong Kong public and 40,234,200 for international investors. The maximum offer price is set at HK$468.00 per share. Proceeds will fund restaurant expansion, digital investments, and working capital. The public offering starts on September 1, 2020, and trading is expected to commence on September 10, 2020. Goldman Sachs and others are managing the offering.

Yum China Holdings, Inc. (NYSE: YUMC) opened its first Taco Bell store in Beijing on August 21, 2020. Located in the Liangmaqiao district, the store features signature menu items tailored to local tastes, such as rice bowls and taco pizza. The modern design includes a casual dining environment, mobile self-ordering, and takeaway options, reflecting Yum China's commitment to enhancing customer experience. This new location marks Taco Bell's expansion in mainland China, complementing other recent openings in Shenzhen and Ningbo, with a total of 11 stores now operational in the region.