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Mar 31, 2021
Yum China Q1 2021 Earnings Report
Yum China experienced substantial growth driven by sales and operating profit increases.
Key Takeaways
Yum China reported a strong first quarter with total revenues increasing by 46% year-over-year to $2.56 billion and operating profit increasing by 250% to $342 million. The company opened 315 new stores, reaching a total of 10,725 stores. Same-store sales increased by 10%, with KFC up by 5% and Pizza Hut up by 38%.
Total revenues increased 46% year over year to $2.56 billion.
Total system sales increased 34% year over year, with increases of 24% at KFC and 57% at Pizza Hut, excluding F/X.
Same-store sales increased 10% year over year, with increases of 5% at KFC and 38% at Pizza Hut, excluding F/X.
Operating Profit increased 250% year over year to $342 million.
Revenue by Segment
Forward Guidance
The Company’s fiscal year 2021 targets remain unchanged.
Positive Outlook
- To open approximately 1,000 new stores (gross).
- To make capital expenditures of approximately $600 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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