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Yum China Holdings, Inc. (NYSE: YUMC, HKEX: 9987) is the largest restaurant chain in China, operating over 15,000 restaurants across more than 2,000 cities. With flagship brands like KFC and Pizza Hut, and additional brands including Little Sheep, East Dawning, Taco Bell, Huang Ji Huang, COFFii & Joy, and Lavazza, Yum China caters to a wide array of culinary tastes and dining styles.
Founded in 2016 after separating from Yum! Brands, Yum China has grown to become a Fortune 500 company with a mission to make every life taste beautiful. The company employs over 400,000 people and generates revenue through its own restaurants and franchise fees. In 2022, Yum China achieved nearly USD 10 billion in systemwide sales with approximately 13,000 units, including 9,094 KFCs and 2,903 Pizza Huts.
Yum China continues to innovate with its digital ecosystem and supply chain capabilities. Their industry-leading digital platform and loyalty program enable fast and efficient customer service. Recent strategic initiatives include expanding their price range to appeal to broader customer bases and launching engaging campaigns with popular e-games to attract younger audiences.
Recent Achievements:
- Reported record total revenue and adjusted operating profit for Q3 2023.
- Added 1,155 new stores in the first nine months of 2023, targeting 1,400-1,600 new stores for the full year.
- Increased share repurchase authorization by $1 billion, with plans to return $3 billion to shareholders from 2024 to 2026.
- Collaborated with Lavazza to expand the coffee brand in China.
- Launched innovative pet-friendly Pizza Hut restaurants in collaboration with Beijing Aita Animal Protection Foundation.
Current Projects:
- Enriching core menu offerings at KFC and Pizza Hut to drive incremental traffic.
- Expanding brand presence in lower-tier cities to capture demand from long-term consumption upgrades.
- Innovative store formats such as one-person hotpot modules for Little Sheep.
- Building awareness and fostering a culture of care with pet-friendly dining experiences and animal welfare initiatives.
CEO Joey Wat and CFO Andy Yeung emphasize the company's robust supply chain, digital innovation, and strategic growth plan to achieve its ambitious goals, including operating 20,000 stores by 2026 and returning significant value to shareholders.
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Yum China Holdings, Inc. has been recognized as a Top Employer China for the sixth consecutive year, ranking fourth overall and first in the restaurant industry. The company's commitment to its 'Fair, Care, and Pride' principle, dedication to employee care, and embrace of technological innovation have contributed to this recognition. Yum China fosters a diverse, inclusive, and non-discriminatory working environment, with female employees representing over 50% of the total workforce by the end of 2023. The company also offers fair and competitive compensation, benefits, and equity incentive plans. Furthermore, Yum China actively supports the career development and growth of its employees through various learning and development programs, structured career advancement opportunities, and specialized training initiatives. Embracing new technologies, such as AI, remains a key factor in the company's success.
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Yum China Holdings, Inc. has been named a Top Employer China for the sixth consecutive year, ranking fourth overall among more than 150 companies. The accolade highlights the company's outstanding performance in areas such as People Strategy, Digital HR, Working Environment, and Career Development. Yum China's commitment to fostering a diverse, inclusive, and non-discriminatory working environment is evident, with female employees representing over 50% of the total workforce by the end of 2023. The company also prides itself on providing fair and competitive compensation and benefits, including an equity incentive plan for Restaurant General Managers. Yum China actively supports employee career development and growth through various learning and development programs, embracing new technologies to optimize business operations.
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Yum China Holdings, Inc. (YUMC) has been ranked number one globally for the Restaurant & Leisure Facilities Industry in the S&P Global 2023 Corporate Sustainability Assessment. Yum China has been selected as a member of both the Dow Jones Sustainability Indices for the fourth consecutive year. The company achieved the highest score among industry peers in the S&P Global CSA and received a peer-leading S&P Global ESG score. Yum China also holds the 'AA' MSCI ESG rating for two consecutive years and has made significant progress on climate action and renewable energy transition. The company is committed to ethical business practices and has joined the United Nations Global Compact (UNGC) to support universally accepted principles in the areas of human rights, labor, environment, and anti-corruption.
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Yum China Holdings, Inc. (NYSE: YUMC, HKEX: 9987) has been ranked number one globally for the Restaurant & Leisure Facilities Industry in the S&P Global 2023 Corporate Sustainability Assessment. The company has been selected as a member of both the Dow Jones Sustainability Indices (DJSI): World Index and Emerging Market Index for the fourth consecutive year. Yum China has achieved the highest score among industry peers in the S&P Global CSA based on three dimensions: governance & economic, environmental, and social. The company also received a peer-leading S&P Global ESG score. Yum China's sustainability efforts have been recognized by other leading ESG indices and ratings, including holding the 'AA' MSCI ESG rating for two consecutive years and making meaningful progress on climate action and renewable energy transition.
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Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, 'Yum China') celebrates the opening of KFC China's 10,000th store in Hangzhou, marking a significant milestone in the brand's 36-year growth journey. KFC China plans to target over half of China's population by 2026, expand into 1,100 untapped cities, and accelerate annual net new store openings to exceed 1,200 in the next three years.
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Yum China Holdings Inc. (NYSE: YUMC and HKEX: 9987) will report its unaudited financial results for the fourth quarter and fiscal year ending December 31, 2023, on February 6, 2024. The management will hold an earnings conference call on the same day. The live webcast and replay details are available on the company's Investor Relations website.
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Yum China Holdings, Inc. (YUMC) Announces $750 Million Share Repurchase Agreements in the U.S. and Hong Kong
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Pizza Hut China (Ticker: N/A) Collaborates with Beijing Aita Animal Protection Foundation for Pet-Friendly Restaurants Expansion in 17 Cities. The collaboration showcases Pizza Hut's commitment to social responsibility and innovation, offering unique dining experiences for customers and their pets. With 20 locations across China, the expansion includes thoughtful amenities and informative posters for a welcoming atmosphere.
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Yum China increases share repurchase authorization by $1 billion to a total of $3.4 billion. The company has repurchased 36 million shares for $1.6 billion since 2017. The remaining authorization is approximately $1.8 billion.
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Yum China Holdings, Inc. reported unaudited results for Q3 2023. Total revenues increased 9% to $2.91 billion, with a 15% increase in constant currency. Total system sales grew 15%, driven by new unit contribution, same-store sales, and lapping of temporary closures. Same-store sales increased 4% at KFC and 2% at Pizza Hut. The company opened 500 net new stores during the quarter, reaching a total store count of 14,102. Operating profit grew 2% to $323 million, while adjusted operating profit reached a record of $327 million. Net income increased 18% to $244 million, and adjusted net income increased 19% to $248 million. Diluted EPS increased 18% to $0.58.
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FAQ
What is the current stock price of Yum China Holdings (YUMC)?
The current stock price of Yum China Holdings (YUMC) is $47.21 as of November 15, 2024.
What is the market cap of Yum China Holdings (YUMC)?
The market cap of Yum China Holdings (YUMC) is approximately 18.1B.
What does Yum China Holdings, Inc. do?
Yum China Holdings, Inc. is the largest restaurant chain in China, operating over 15,000 restaurants across more than 2,000 cities. Its key brands include KFC, Pizza Hut, Taco Bell, Little Sheep, and Lavazza.
What are the recent achievements of Yum China?
Recent achievements include record revenue and operating profit for Q3 2023, adding 1,155 new stores in the first nine months of 2023, and increasing share repurchase authorization by $1 billion.
What is the current financial condition of Yum China?
Yum China reported robust financial performance for Q3 2023, with significant growth in revenue and operating profit. The company has a strong balance sheet and is on track to return $600 to $800 million to shareholders for the full year.
What are the strategic initiatives of Yum China?
Strategic initiatives include expanding price ranges to appeal to broader customer bases, opening new stores in lower-tier cities, enriching menu offerings, and launching targeted campaigns to attract younger audiences.
How is Yum China leveraging digital technology?
Yum China utilizes a world-class digital ecosystem, including a loyalty program and advanced supply chain management, to enhance customer service and operational efficiency.
What is the company's growth plan for the future?
Yum China aims to operate 20,000 stores by 2026 and return $3 billion to shareholders through cash dividends and share repurchases from 2024 to 2026.
How is Yum China addressing consumer preferences?
Yum China is addressing consumer preferences by expanding its menu offerings, launching innovative campaigns, and opening new store formats tailored to different customer needs.
What partnerships has Yum China formed recently?
Yum China has partnered with Lavazza to expand the coffee brand in China and collaborated with organizations like Beijing Aita Animal Protection Foundation for pet-friendly dining initiatives.
What are the company’s initiatives in social responsibility?
Yum China engages in various social responsibility initiatives, including pet-friendly dining experiences and collaborations with animal welfare organizations to promote pet adoption and care.
Where can investors find more information about Yum China?
Investors can find more information on Yum China's Investor Relations website at http://ir.yumchina.com.
Yum China Holdings, Inc.
NYSE:YUMC
YUMC Rankings
YUMC Stock Data
18.08B
379.76M
0.32%
88.28%
4.12%
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