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Jun 30, 2024
Yum China Q2 2024 Earnings Report
Yum China achieved record second quarter revenue, driven by same-store transaction growth and new unit growth, improved OP margin, and attained record second quarter operating profit.
Key Takeaways
Yum China reported a record second quarter revenue of $2.68 billion, driven by an 8% net new unit contribution. Operating profit grew by 4% year-over-year to $266 million, and diluted EPS increased by 17% year-over-year to $0.55.
Total system sales grew 4% year-over-year, excluding F/X, driven by 8% net new unit contribution.
Total revenues increased 1% year-over-year to $2.68 billion, a record-high for the second quarter.
Operating profit grew 4% year-over-year to $266 million, a record level for the second quarter.
Diluted EPS increased 17% year-over-year to $0.55, a record level for the second quarter.
Revenue by Segment
Forward Guidance
The Company’s targets for the 2024 fiscal year remain unchanged from the prior period's disclosures.
Positive Outlook
- Open approximately 1,500 to 1,700 net new stores.
- Make capital expenditures in the range of approximately $700 million to $850 million.
- Return a Company record-setting $1.5 billion to shareholders through quarterly cash dividends and share repurchases.
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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