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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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