Welcome to our dedicated page for Yum China news (Ticker: YUMC), a resource for investors and traders seeking the latest updates and insights on Yum China stock.
Yum China Holdings, Inc. (YUMC), operator of KFC, Pizza Hut, and other leading restaurant brands in China, provides investors and stakeholders with timely updates through this centralized news hub. This page aggregates official press releases, financial announcements, and strategic developments from one of China's largest restaurant networks.
Key resources include quarterly earnings disclosures, partnership announcements, menu innovations, and supply chain advancements. Users gain insights into the company's tech-enabled operations across 1,400+ cities and its balance of company-owned/franchised locations. The curated collection serves investors analyzing market position and consumers tracking brand expansions.
Regular updates cover operational milestones, digital initiatives like AI-driven logistics, and brand-specific developments across KFC, Pizza Hut, Taco Bell China, and emerging concepts. Content is vetted for accuracy to support informed decision-making without speculative commentary.
Bookmark this page for streamlined access to Yum China's latest corporate communications. Combine this resource with SEC filings and market analysis for comprehensive research.
Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987) has announced that its board of directors will consider declaring and paying a quarterly dividend. This announcement is in compliance with the Hong Kong Stock Exchange (HKEX) rules, which require advance notice of board meetings where dividends are expected to be declared. If the Board decides to proceed, the dividend declaration will be adopted by resolution on or around August 6, 2024 (Beijing/Hong Kong Time) and promptly disclosed. Yum China emphasizes that no Board resolution has been adopted yet, and there is no assurance that the dividend will be declared. The company provides access to its HKEX filings through its Investor Relations website.
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.
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.
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.
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.
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.
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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