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Jun 30, 2022
Yum China Q2 2022 Earnings Report
Yum China's results were impacted by the most severe COVID outbreaks to date, but extraordinary efforts mitigated the impact and delivered $81 million in operating profit.
Key Takeaways
Yum China's Q2 2022 results were significantly impacted by COVID-19 outbreaks, with revenue decreasing by 13% year over year to $2.13 billion. However, the company demonstrated resilience through cost management and operational adjustments, delivering $81 million in operating profit.
Total revenues decreased 13% year over year to $2.13 billion.
Same-store sales decreased 16% year over year.
Opened 53 net new stores during the quarter, reaching a total of 12,170 stores.
Operating Profit decreased 65% year over year to $81 million.
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 their fiscal year 2022 targets remain unchanged.
Positive Outlook
- To open approximately 1,000 to 1,200 net new stores.
- To make capital expenditures in the range of approximately $800 million to $1 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income