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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.
Yum China, the largest restaurant company in China, is enhancing its commitment to nutrition and health by revising its Nutrition and Health Policy in alignment with the Chinese Dietary Guidelines (2022). The policy emphasizes balanced diets, ongoing product innovation, and public awareness about nutrition. Notably, Yum China has launched a variety of plant-based offerings, catering to the growing demand for such products. In 2022, all Kids Meals from KFC, Pizza Hut, and Taco Bell adhered to the Chinese Nutrition Society's guidelines. Additionally, the company aims to reduce salt and sugar in its menu items, targeting a reduction of over 700 tons of salt and 4,500 tons of sugar by 2030, based on 2020 levels. Yum China continues to focus on health initiatives to support the next generation and improve nutritional standards across its brands.
Yum China Holdings is set to consider declaring a quarterly dividend at a board meeting on or around May 3, 2023. This action aligns with the HKEX regulations requiring advance notice for dividend considerations. There is, however, no guarantee that the dividend will be declared, pending the board's decision. Yum China, the largest restaurant company in China, operates nearly 13,000 restaurants and employs over 400,000 individuals. The company aims to enhance shareholder value through potential dividend payments. Investors should watch for updates following the board meeting, as timely communication is key to understanding any financial implications.
Yum China reported a profitable year in 2022, continuing to expand its store network despite the challenges posed by the pandemic. The company made significant strides in its Environmental, Social, and Governance (ESG) initiatives, incorporating ESG metrics into leadership evaluation and employee incentive programs. Yum China aims to achieve net-zero greenhouse gas emissions by 2050, with a target to reduce emissions by more than 60% by 2035 from 2020 levels. Notable programs include packaging optimization and biodiesel use from recycled cooking oil. The company has invested in a digitalized food safety system and upheld its 'People First' philosophy, enhancing employee benefits and support. Over 400,000 employees volunteered over four million hours in 2022, reflecting the company's community commitment. CEO Joey Wat expresses confidence in Yum China's future and ongoing ESG journey.
Yum China Holdings (NYSE: YUMC) will announce its unaudited financial results for Q1 2023 on May 2, 2023, at 4:30 p.m. ET. Management will host an earnings conference call the same day at 8:00 p.m. ET. A live webcast will be available, and a replay can be accessed until May 10, 2023. As the largest restaurant company in China, Yum China operates nearly 13,000 restaurants across six brands, including KFC and Pizza Hut. The company focuses on enhancing customer experience through a digitalized supply chain and loyalty programs, positioning itself as a leading player in the restaurant industry.
Yum China Holdings, Inc. reported a fourth-quarter operating profit of $41 million and a full-year profit of $629 million, demonstrating business resilience amidst COVID challenges. In 2022, the company opened 1,159 net new stores, bringing total locations to 12,947. Q4 revenues decreased 9% year-over-year to $2.09 billion, with same-store sales declining 4%. Despite pandemic-related disruptions, adjustments led to a 152% increase in adjusted operating profit. For 2023, Yum China aims to open 1,100 to 1,300 new stores. Share repurchases totaled $52 million in Q4, with a dividend increase to $0.13 per share.
Yum China Holdings (NYSE: YUMC) announced that its board will consider declaring a quarterly dividend on February 8, 2023, in accordance with HKEX rules. As of now, no resolution for the dividend has been adopted, leaving its declaration uncertain. The company has reported having 12,409 restaurants across over 1,700 cities as of September 2022. Yum China ranked 359th on the Fortune 500 list in 2022 and has been recognized in several sustainability indices.
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