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The Latest Breaking News from Yum China

Yum sells Pizza Hut business for $2.7 billion

‌Yum Brands has announced that it would sell its Pizza Hut chain for a combined $2.7 billion in two deals that highlight separate trajectories for its business in China and the rest of the world.

Bangkok Post

Pizza Hut: From $600 loan to 20,000 stores and the new $2.7 billion twist for the global empire

Pizza Hut, a nearly 70-year-old American icon, has been split in a $2.7 billion deal. Yum Brands is selling its international business outside China to LongRange Capital, while Yum China acquires the China operations. This division highlights Pizza Hut's contrasting fortunes globally and in China.

The Economic Times

Yum China Eyes 25,000 Stores, $1 Billion In Returns By 2028

Yum China Holdings, Inc. (NYSE:YUMC) on Sunday outlined strategic plans to accelerate network expansion, boost sales growth, and improve profitability at its 2025 Investor Day.

Benzinga

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Delivery And Value Meals Drive Pizza Hut, KFC Revenue In China

Yum China Holdings, Inc. (NYSE:YUMC) reported third-quarter adjusted earnings per share of 76 cents, beating the analyst consensus estimate of 74 cents.

Benzinga

Yum China’s sales keep growing, but a fierce food-delivery price war may be weighing on investor sentiment

Yum China’s HK-traded shares are down about 3% since Tuesday, even as the KFC and Pizza Hut operator posted 4% year-on-year revenue growth last quarter.

Fortune

Options Corner: Potential Overreaction To Yum China's Sales Miss Delivers A Speculative Rebound Trade

Posting overall strong financial results doesn't guarantee upside for the underlying public equity, especially if the report comes amid macro-level concerns. That's the tough lesson fast-food restaurant company Yum China Holdings Inc (NYSE:YUMC) learned the hard way recently. On Tuesday, before the open, Yum China disclosed its second-quarter earnings, which…

Benzinga

Yum China Posts Record Q2 Margins, Alibaba Veteran Joins Board

Yum China Holdings, Inc. (NYSE:YUMC) reported second-quarter adjusted earnings per share of 58 cents, beating the analyst consensus estimate of 57 cents.

Benzinga

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Cheap coffee and smaller pizzas help Yum China survive an uncertain consumer market

Yum China’s New York–traded shares jumped by 9.1% on Thursday, after the company reported resilient earnings and an expanded dividend.

Fortune

Yum China Unveils New Platform For Supplier Recruitment With Speed And Transparency

Yum China launches a new digital supplier platform while planning significant store expansions.

Benzinga

Here's why bosses aren’t allowed to promote their direct reports at Yum China

“The boss sponsors someone to be promoted and we have a committee with very senior people, including myself, to sift through every single promotion,” Yum China CEO Joey Wat said.

Fortune

Yum China Hits 52-Week Low. Drown Out the Negativity. Buy Now.

Yum China hit a 52-week low on Tuesday. It was one of only 14 stocks to do so. YUMC was ready to push lower early in Wednesday trading, setting another new low. Please just ignore the near-term negativity and buy it now. Here’s why.

Barchart

Yum China’s CEO on Chinese consumers’ incredible hunger for foreign brands

Unlike the former parent company’s U.S. restaurants, Yum China (mostly) avoids franchises.

Fortune

The CEO behind nearly 10,000 KFCs in China explains the country’s consumption slump: A 'psychological' consequence of COVID-zero

“We can understand why people became rather cautious and rational with their spending,” Yum China CEO Joey Wat said at the Fortune Global Forum in Abu Dhabi.

Fortune

Changing demographics gave Yum China a new target audience: pet owners

“More and more young people have pets,” says Yum China CEO Joey Wat, as prosperous young Chinese delay starting families.

Fortune

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Caixin Global

Yum China Profit Slumps 90% in Fourth Quarter on Covid Disruptions

Operator of KFC and Pizza Hut reports January rebound and sees a stronger 2023 as it plans to add more than 1,100 new outlets

Benzinga

Yum China, Atlassian And 2 Other Stocks Insiders Are Selling

The Nasdaq 100 jumped by more than 100 points on Monday. Investors, meanwhile, focused on some notable insider trades.

Caixin Global

Yum China Profits Rebound in Third Quarter Amid Strong Takeout Sales

The KFC and Pizza Hut franchise operator increased quarterly revenue to $2.7 billion, while ending four consecutive quarters of declining same-store sales

Benzinga

Domino's China Operator Makes Second Toss at Hong Kong IPO

Key Takeaways: DPC Dash, operator of the Domino’s pizza chain in China, has filed an updated prospectus to list its shares in Hong Kong The company differs from larger rival Pizza Hut in China due to its bigger focus on delivery, and also due to its earlier stage of development…

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Benzinga

Yum China Launches KFC Green Pioneer Stores In Hangzhou & Beijing

Yum China Holdings Inc (NYSE:YUMC) has launched quick-service restaurant brand KFC's first Green Pioneer Stores in Hangzhou and Beijing. The move is part of Yum China's climate strategy toward reaching net-zero value chain greenhouse gas (GHG) emissions by 2050. Green Pioneer Stores utilize advanced low-carbon technologies in construction and daily operations and reduce…

Benzinga

Domino's China Operator DPC Dash Delivers Hong Kong IPO

Key takeaways: Domino’s China operator DPC Dash has filed for a Hong Kong IPO that could raise up to $100 million and value the company at around $500 million Company has cashed in on China’s recent shift to takeout dining, posting 18.7% same-store sales growth last year By Doug Young

Benzinga

Yum China Boosts Stock Buyback Program

Yum China Holdings Inc (NYSE:YUMC) Board of Directors has increased the company's share repurchase authorization by $1 billion to about $2.4 billion. The increase brings the total remaining authorization to approximately $1.4 billion. The company repurchased about 24 million shares of common stock for $971 million from 2017 to March 16, 2022. "From…

Benzinga

Yum China Stock Slides As COVID-19 Resurgence Disrupts Operations

Yum China Holdings Inc (NYSE:YUMC) said its first-quarter fiscal 2022 operations are significantly impacted by the highly transmissible Omicron variant causing outbreaks across China, including economically important regions of Guangdong, Shanghai, Shandong, and Jilin. The company noted quarter-to-date case counts for 2022 have surpassed that of the full year 2021. Yum China's same-store…

Benzinga

Restrictions Take Fourth-Quarter Bite Out of Rebounding Year for Yum China

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