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Mar 31, 2022
Yum China Q1 2022 Earnings Report
Yum China's results were impacted by the COVID-19 outbreak, but the company grew total revenues and sustained operating profit.
Key Takeaways
Yum China's first quarter results were impacted by the COVID-19 outbreak, which caused significant volatility in business operations. Despite these challenges, the company grew total revenues by 4% year over year to $2.67 billion and sustained operating profit at $191 million.
Total revenues increased 4% year over year to $2.67 billion.
Total system sales decreased 4% year over year.
Same-store sales decreased 8% year over year.
Opened 329 net new stores during the quarter; total store count reached 12,117 as of March 31, 2022.
Revenue by Segment
Forward Guidance
Yum China remains focused on capturing long-term opportunities in China and the company's fiscal year 2022 targets are unchanged.
Positive Outlook
- To open approximately 1,000 to 1,200 net new stores.
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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