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Yum China Holdings, Inc. - YUMC STOCK NEWS

Welcome to our dedicated page for Yum China Holdings news (Ticker: YUMC), a resource for investors and traders seeking the latest updates and insights on Yum China Holdings stock.

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.

News

Yum China Reports First Quarter Results

Rhea-AI Summary

Yum China reported strong first-quarter results with system sales up 6%, diluted EPS up 4% (10% excluding F/X), operating profit reaching $374 million, and core operating profit growing to $396 million. The company surpassed 15,000 total stores, opened 378 net new stores, and achieved a record quarterly cash return to shareholders of $745 million. CEO Joey Wat highlighted the solid sales growth, expansion initiatives, and capital returns to shareholders. KFC and Pizza Hut digital sales reached $2.5 billion, driving double-digit growth in delivery sales. Total membership of KFC and Pizza Hut reached 485 million, contributing to 65% of system sales. Yum China remains focused on understanding consumer needs, expanding market opportunities, and sustaining strong growth.

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Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly Dividend

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Yum China Holdings, Inc. announces the possibility of a quarterly dividend following compliance with Hong Kong Stock Exchange rules. The Board will consider the declaration and payment of the dividend, with a resolution expected by April 30, 2024. The company will promptly disclose the decision. As of now, no assurance has been given regarding the declaration of the dividend.
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Yum China CEO Joey Wat Releases Annual Letter to Stockholders

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Yum China Holdings, Inc. CEO Joey Wat releases annual letter to stockholders, highlighting strong 2023 results, commitment to stockholder return, and ambitious expansion plans. The company returned $833 million to investors in 2023, with plans to increase dividends and share repurchases to at least $3 billion from 2024 to 2026. Yum China aims to reach 20,000 stores nationwide by 2026, targeting 700 million people.
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Yum China's Unwavering Commitment to ESG Highlighted in 2023 Sustainability Report

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Yum China Holdings, Inc. announces its seventh annual Sustainability Report, highlighting achievements in renewable energy, food safety, employee benefits, and community support. The report showcases the company's commitment to Environmental, Social, and Governance (ESG) goals, earning top rankings in sustainability assessments and joining global initiatives for responsible business practices.
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Yum China to Report First Quarter 2024 Financial Results

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Yum China Holdings, Inc. announced the unaudited financial results for the first quarter of 2024 will be reported on April 29, 2024. The earnings conference call will be held on the same day, providing access to a live webcast and phone registration. A replay will be available until May 7, 2024.
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Yum China Reports Fourth Quarter Results, Increases Dividend by 23% and Steps Up 2024 Share Repurchases to $1.25 billion

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Yum China Holdings, Inc. reported strong unaudited results for the fourth quarter and year ended December 31, 2023. Fourth quarter system sales were up 21%, operating profit grew 170%, and core operating profit grew 324%. Total revenues for the year were $11 billion, with total system sales growing 21% and operating profit up 76% to $1.1 billion. The company opened 1,697 net new stores, reaching a total of 14,644 stores in over 2,000 cities. Digital sales exceeded $9.2 billion, with digital ordering accounting for approximately 89% of total company sales. Shareholder returns through share repurchases and cash dividends increased 25% to $833 million.
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Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly Dividend

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Yum China Holdings, Inc. announced that its board of directors will consider the declaration and payment of a quarterly dividend, in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The decision will be adopted by Board resolution on or around February 7, 2024, and will be promptly disclosed by the Company. As of the date of this press release, no Board resolution has been adopted, so there is no assurance that the Dividend will be declared.
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Yum China Certified Top Employer China for Sixth Consecutive Year

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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 Certified Top Employer China for Sixth Consecutive Year

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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 Leads the Restaurant & Leisure Industry for the Fourth Consecutive Year on the Dow Jones Sustainability Index

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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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FAQ

What is the current stock price of Yum China Holdings (YUMC)?

The current stock price of Yum China Holdings (YUMC) is $45.97 as of January 24, 2025.

What is the market cap of Yum China Holdings (YUMC)?

The market cap of Yum China Holdings (YUMC) is approximately 17.4B.

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.
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Yum China Holdings, Inc.

NYSE:YUMC

YUMC Rankings

#613 Ranked by Market Cap
#1624 Ranked by Dividends

YUMC Stock Data

17.42B
366.31M
0.32%
86.88%
2.8%
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