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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.

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Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987) has announced that it will report its unaudited financial results for the second quarter ending June 30, 2024, after the U.S. market closes on Monday, August 5, 2024. The company will hold an earnings conference call at 8:00 p.m. U.S. Eastern Time on the same day. Investors can access the live webcast or join by phone through pre-registration. A replay of the conference call will be available until August 13, 2024. The earnings release, accompanying slides, and an archived webcast will be accessible on the company's Investor Relations website.

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Yum China Holdings (NYSE: YUMC, HKEX: 9987) has announced the opening of the 200th KCOFFEE store in China, following recent launches in Hangzhou. Since January 2024, KCOFFEE has expanded rapidly with a side-by-side store model integrated with KFC outlets, allowing cost savings and unique product offerings like coffee floats. The milestone coincides with KFC's 20th anniversary for its flagship egg tart, celebrated by launching the 'Egg Tart Dirty Coffee'. KCOFFEE now operates in over 120 cities, including high-altitude Shigatse in Tibet, and aims to become an iconic coffee brand in China.

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Yum China and Lavazza have announced a new partnership with Automobili Lamborghini to introduce a co-branded iced coffee drink, named LAVAZZA Shakerato, in China starting June 18, 2024.

The drink will be available in three flavors and served in a Lamborghini-themed shaker cup. This collaboration highlights the synergy between Lavazza's coffee expertise and Lamborghini's dynamic spirit.

Consumers participating in the marketing campaign will also receive a co-branded smartphone accessory. The partnership focuses on showcasing Italian excellence through various products, events, and initiatives.

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Yum China (NYSE: YUMC, HKEX: 9987) announced its successful Children's Day promotions in China, selling over 4 million toy set meals as of June 2, 2024. This year's campaign featured KFC China's collaboration with Pokémon, introducing six new toys, including a Gengar memory game, Pikachu CD player, and Mimikyu spinner with advanced technologies. Pizza Hut continued its partnership with Sanrio, launching beach-themed Hello Kitty toys. Yum China's long-term collaboration with popular IPs leverages its deep understanding of Chinese consumer preferences, ensuring broad appeal and strong market resonance.

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Yum China's Chinese Dining Business Unit, managing Little Sheep and Huang Ji Huang brands, celebrates significant milestones in 2024 with new store openings and innovative formats. Nine new Little Sheep stores were launched in May 2024 across various Chinese cities, and the brand made its return to the U.S. market in March 2024 at the American Dream Meadowlands in New Jersey. Domestically, Little Sheep introduced one-person hotpot modules. Huang Ji Huang unveiled a new logo, store design, and brand strategy to enhance its market position. Yum China aims to reach around 800 Chinese dining stores by mid-2024, leveraging economies of scale and food innovation to ensure high customer standards and operational efficiency.

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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 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 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 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 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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FAQ

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

11.69B
389.90M
0.3%
87.83%
2.35%
Food Service Contractors
Accommodation and Food Services
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