Financial News

Yum China Reports Third Quarter 2022 Results

Total Revenues grew 5%; System Sales grew 5% in constant currency, despite temporary closures Delivered $316 million Operating Profit, representing 77% growth, through strong execution  Opened 621 net new stores year-to-date, on track to meet full-year net new store target of 1,000 to

Learn More Nov. 1, 2022

Yum China Announces Primary Listing on the Hong Kong Stock Exchange and Inclusion in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect

SHANGHAI , Oct. 23, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or " Yum China ") (NYSE: YUMC and HKEX: 9987) today announced the effectiveness of the Company's voluntary conversion of its secondary listing status to a primary listing status on the Main Board of The Stock Exchange

Learn More Oct. 23, 2022

Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly Dividend

SHANGHAI , Oct. 20, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today announced, in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "HKEX") which require advance notice of board

Learn More Oct. 20, 2022

Yum China to Report Third Quarter 2022 Financial Results

SHANGHAI , Sept. 20, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, " Yum China " or the "Company") today announced that it will report its unaudited financial results for the third quarter ending September 30, 2022 at 4:30 p.m.   U.S.

Learn More Sep. 20, 2022

Yum China Applies for Voluntary Conversion to Primary Listing on the Hong Kong Stock Exchange

SHANGHAI , Aug. 15, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or " Yum China ") (NYSE: YUMC and HKEX: 9987) today announced that the Company applied for a voluntary conversion of its secondary listing status to a primary listing status (the "Proposed Primary Conversion") on the

Learn More Aug. 15, 2022

Yum China Reports Second Quarter 2022 Results

Delivered $81 million Operating Profit. Extraordinary efforts partly mitigated impact from profound COVID-related disruptions Sales recovery remains gradual and uneven as COVID outbreaks persist Full year net new store target unchanged, powered by healthy new store performance SHANGHAI , July 28,

Learn More Jul. 28, 2022

Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly Dividend

SHANGHAI , July 18, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, " Yum China " or the "Company") today announced, in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "HKEX") which require advance notice of

Learn More Jul. 18, 2022

Yum China to Report Second Quarter 2022 Financial Results

SHANGHAI , July 8, 2022 /PRNewswire/ -- Yum China Holdings , Inc. (NYSE: YUMC and HKEX: 9987, " Yum China " or the "Company") today announced that it will report its unaudited financial results for the second quarter ending June 30, 2022 at 4:30 p.m.   U.S.

Learn More Jul. 8, 2022

Update on Dispute about Royalties on Delivery and Aggregator Platform Fees with Yum! Brands

SHANGHAI , May 11, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or " Yum China ") (NYSE: YUMC and HKEX: 9987) today reported that it has invoked the dispute resolution process with Yum! Brands, Inc. ("YUM"), pursuant to the Master License Agreement dated October 31, 2016 , to

Learn More May. 11, 2022

Yum China Reports First Quarter 2022 Results

Resilience and agility enable Yum China to serve communities in need Grew Total Revenues and sustained Operating Profit despite significant challenges from the COVID-19 outbreak Remains focused on long-term opportunities: Total stores exceeded 12,000, in Q1 opened 329 net new stores SHANGHAI ,

Learn More May. 3, 2022

Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly Dividend

SHANGHAI , April 20, 2022   /PRNewswire/ --  Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, " Yum China " or the "Company") today announced, in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "HKEX") which require advance notice of

Learn More Apr. 20, 2022

Yum China Appoints Johnson Huang as its First Chief Customer Officer and Warton Wang as General Manager of KFC, Yum China

SHANGHAI , April 18, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or " Yum China ") (NYSE: YUMC and HKEX: 9987) today announced the appointment of Johnson Huang as its first Chief Customer Officer. The creation of this leadership position is part of the Company's strategic

Learn More Apr. 18, 2022

Yum China to Report First Quarter 2022 Financial Results

SHANGHAI , March 24, 2022 /PRNewswire/ --  Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, " Yum China " or the "Company") today announced that it will report its unaudited financial results for the first quarter ending March 31, 2022 at 4:30 p.m.   U.S.

Learn More Mar. 24, 2022

Yum China Expands Share Repurchase Authorization by $1 Billion

SHANGHAI , March 17, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or " Yum China ") (NYSE: YUMC and HKEX: 9987) today reported that its Board of Directors (the "Board") has increased the Company's share repurchase authorization by $1 billion to an aggregate of $2.4 billion .

Learn More Mar. 17, 2022

Yum China Provides Update on the First Quarter 2022 Business Performance Amid the Latest COVID-19 Development in China

SHANGHAI , March 14, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or " Yum China ") (NYSE: YUMC and HKEX: 9987) today updated its first quarter 2022 business performance in light of the recent COVID-19 development in China . As we mentioned in the fourth quarter earnings release,

Learn More Mar. 14, 2022

Yum China Provides Update on Status under Holding Foreign Companies Accountable Act

SHANGHAI , March 10, 2022 /PRNewswire/ – Yum China Holdings, Inc. (the "Company" or " Yum China ") (NYSE: YUMC and HKEX: 9987) today provided an update on its status under the Holding Foreign Companies Accountable Act (the "Act"). On March 8, 2022 , as expected in its implementation of the Act, the

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Yum China Reports Fourth Quarter and Full Year 2021 Results

Fourth quarter Total Revenues grew 1%; remained profitable amid COVID-19 impact F ull year   T otal R evenues grew 19 % with Operating Profit of $1.39 billion and Adjusted Operating Profit of $76 6  million Accelerated store expansion with record openings of 1,806 gross new stores or 1,282 net new

Learn More Feb. 8, 2022

Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly Dividend

SHANGHAI , Jan. 24, 2022 /PRNewswire/ -- Yum China Holdings, Inc.  (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today announced, in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "HKEX") which require advance notice of

Learn More Jan. 24, 2022