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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.
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 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