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Sep 30, 2023
Yum China Q3 2023 Earnings Report
Yum China's financial performance was marked by revenue growth and strategic advancements.
Key Takeaways
Yum China reported a 9% increase in total revenues to $2.91 billion, with system sales growing by 15% in constant currency. The company opened 500 net new stores, bringing the total count to 14,102. Operating profit increased by 2% to $323 million, while net income rose by 18% to $244 million.
Total revenues increased by 9% to $2.91 billion.
System sales grew by 15% in constant currency.
Operating profit increased by 2% to $323 million.
Opened 500 net new stores during the quarter, reaching a total of 14,102 stores.
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 were updated at Investor Day on September 14, 2023.
Positive Outlook
- To reach total count of 20,000 stores by 2026.
- To achieve high-single-to-double-digit CAGR for system sales.
- To achieve high-single-to-double-digit CAGR for operating profit.
- To achieve double-digit EPS CAGR from 2024 to 2026, compared to base year 2023 and in constant currency.
- To return approximately $3 billion to shareholders through quarterly dividends and share repurchases from 2024 to 2026.
Revenue & Expenses
Visualization of income flow from segment revenue to net income