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Jun 30, 2023
Yum China Q2 2023 Earnings Report
Yum China reported record-breaking second quarter performance, with substantial growth in revenues and profits.
Key Takeaways
Yum China's second quarter 2023 results showed significant growth, with total revenues up 25% and operating profit increasing by 216%. The company opened 422 net new stores, reaching a total of 13,602 stores. Same-store sales increased by 15%, driven by both KFC and Pizza Hut.
Total revenues increased 25% year over year to $2.65 billion.
Operating Profit increased 216% year over year to $257 million.
Opened 422 net new stores during the quarter; total store count reached 13,602.
Same-store sales increased 15% year over year, with increases of 15% at KFC and 13% at Pizza Hut, excluding F/X.
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
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Avg. Return Before/After Earnings
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