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Sep 30, 2024
Yum China Q3 2024 Earnings Report
Yum China achieved robust sales growth and margin expansion, leading to a 33% increase in diluted EPS.
Key Takeaways
Yum China reported strong Q3 2024 results with a 4% increase in total system sales, driven by net new unit contribution. Total revenues increased by 5% to $3.07 billion. Diluted EPS grew by 33% year over year. The company opened 438 net new stores and is stepping up capital returns to shareholders by 50% to $4.5 billion for 2024-2026.
Total system sales grew 4% year over year, excluding foreign currency translation, primarily due to 7% net new unit contribution.
Total revenues increased 5% year over year to $3.07 billion, an all-time quarter high.
Diluted EPS increased 33% year over year to $0.77.
Yum China is stepping up capital returns to shareholders by 50% to $4.5 billion for 2024-2026.
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