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