Yum China Holdings ( (YUMC) ) has issued an announcement.
Yum China Holdings reported a 5% year-over-year growth in total system sales for 2024, driven by a 7% increase in net new units and strong delivery sales. The company’s total revenues reached a record $11.3 billion, with a 3% increase year-over-year, and operating profit grew by 5% to $1.2 billion. Yum China also achieved a record-high diluted EPS of $2.33, reflecting an 18% increase. The company expanded its store count by 12% and returned $1.5 billion to shareholders through dividends and share repurchases. Digital sales were significant, accounting for 90% of total sales, and membership for KFC and Pizza Hut exceeded 525 million.
More about Yum China Holdings
Yum China Holdings, Inc. operates in the fast-food industry, primarily offering products and services through its well-known brands KFC and Pizza Hut. The company focuses on the Chinese market, leveraging its extensive network of stores and digital sales platforms to drive growth.
YTD Price Performance: 5.15%
Average Trading Volume: 2,370,136
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $18.6B
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