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Mar 31, 2023
Yum China Q1 2023 Earnings Report
Yum China achieved record first-quarter performance with revenue growth and significant operating profit increase.
Key Takeaways
Yum China reported a strong first quarter in 2023, with total revenues reaching $2.92 billion, a 9% increase year-over-year. Operating profit increased by 118% to $416 million, driven by sales leveraging and margin expansion. The company opened 233 net new stores, bringing the total store count to 13,180.
Total revenues increased 9% year over year to $2.92 billion.
Total system sales increased 17% year over year.
Same-store sales increased 8% year over year.
Operating Profit increased 118% year over year to $416 million.
Revenue by Segment
Forward Guidance
The Company's fiscal year 2023 targets remain unchanged.
Positive Outlook
- To open approximately 1,100 to 1,300 net new stores.
- To make capital expenditures in the range of approximately $700 million to $900 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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