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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.
Yum China
Yum China
Yum China Revenue by Segment
Revenue by Segment
KFC Revenue
CapyFin.comPizza Hut Revenue
CapyFin.com 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