Yum China Stock Price, News & Analysis

Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987) has announced that it will release its unaudited financial results for the third quarter ending September 30, 2024, on Monday, November 4, 2024. The results will be reported before the U.S. market opens and after the Hong Kong Stock Exchange trading hours. This change in timing is aimed at better serving their global investor base.

An earnings conference call will be held at 7:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on the same day. Investors can access the live webcast or join by phone after pre-registering. A replay of the conference call will be available until November 11, 2024. The earnings release, accompanying slides, and an archived webcast will be accessible on the company's Investor Relations website.

Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987) celebrates Jannik Sinner's victory at the Rolex Shanghai Masters. Sinner is a global ambassador for Lavazza, an Italian coffee company in a joint venture with Yum China since 2020. The joint venture has opened over 100 Lavazza stores in China.

During the tournament, Lavazza, as a prestige sponsor, launched marketing initiatives including a -edition drink and special accessories. Lavazza set up four booths at the event venue, offering special meal sets. Pizza Hut, another Yum China brand, also provided signature dishes at the tournament.

The Rolex Shanghai Masters is an ATP Tour Masters 1000 event, attracting top tennis players globally. Yum China's involvement in this prestigious event demonstrates its commitment to providing exceptional service and culinary experiences to Chinese audiences.

BetterInvesting Magazine's Editorial Advisory and Securities Review Committee has announced Kinsale Capital Group Inc. (NYSE: KNSL) as its 'Stock to Study' and Yum China Holdings Inc. (NYSE: YUMC) as its 'Undervalued Stock' in the December 2024 issue. The committee emphasizes the importance of focusing on long-term investment approaches and stock studies rather than predicting election outcomes and potential legislative changes.

Ken Zendel, CEO of the National Association of Investors / BetterInvesting, stated that factors impacting a company's business are likely to play a more significant role in its future than election-related issues. The magazine encourages investors to learn about stock investing fundamentals and utilize BetterInvesting's online tools to analyze the investment potential of the featured stocks.

Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987) announced significant leadership changes. Andy Yeung will step down as CFO on September 30, 2024, transitioning to a Senior Advisor role until February 28, 2025. Adrian Ding, current Chief Investment Officer, will become Acting CFO effective October 1, 2024.

The company also appointed Mikel A. Durham to its Board of Directors, effective August 12, 2024, expanding the board to 12 members. Durham brings extensive food industry experience, having served as CEO of American Seafoods Group and held executive positions at PepsiCo, Cadbury Schweppes, and Diageo.

These changes aim to support Yum China's growth strategy and enhance its leadership team as the company continues to execute its RGM 2.0 strategy focusing on Resilience, Growth, and Moat.

Yum China (NYSE: YUMC) reported record second quarter revenue and operating profit in Q2 2024. Key highlights include:

- Total system sales grew 4% YoY, excluding F/X
- Total revenues increased 1% YoY to $2.68 billion
- Operating profit grew 4% YoY to $266 million
- Diluted EPS increased 17% YoY to $0.55
- Opened 401 net new stores, reaching 15,423 total stores
- Digital sales reached $2.2 billion, 90% of total Company sales
- Returned $249 million to shareholders through share repurchases and dividends

The company maintained its 2024 targets, including opening 1,500-1,700 net new stores and returning $1.5 billion to shareholders.

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.