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Yum China, a leading retail company, has announced the launch of an ambitious expansion plan, following a highly successful first quarter for FY26. The company reported 636 net new store openings, setting a record-high figure. Impressive Financial Performance…
Yum China Holdings ended the 2025 fiscal year on a strong note, with an increase in delivery orders and expedited store openings fueling a rise in sales and profits, even amidst muted consumer spending in China. Performance Overview During the quarter that…
Yum Brands, the parent company of Pizza Hut, is currently exploring strategic alternatives for its pizza arm, which may include a potential sale. This move comes as Pizza Hut’s performance has been an underwhelming aspect of the business, failing to match the…
Yum China, KFC’s operator in the country, has discreetly introduced a fresh pilot concept by the name of Fried Chicken Brothers, further diversifying its localized sub-brands. The pilot currently runs two compact stores in Shanghai, each approximately 20sqm…
Yum China, a stalwart in the food and beverage industry, has reported a rise in revenue by 4 per cent year on year for the second quarter ending June 30, 2021, accumulating a total of US$2.8 billion. The company’s growth is attributed to the expansion of its…
Yum China Holdings, Inc. has unveiled Q-Smart, a hands-free, AI-powered assistant aimed at streamlining daily operations for restaurant managers. This innovative tool employs voice interaction via wearable devices, such as smartwatches and wireless earphones,…
Yum China Holdings, Inc. has unveiled an impressive $510 million share repurchase program set to kick off on July 1, 2025. This marks a significant 42% increase from the previously announced $360 million for the first half of the year, signaling strong…
Yum Restaurants India is reported to have sold its 4.4 per cent share in Devyani International for US$105 million. Devyani International, from which Yum Restaurant acquired the stake in 2021, is the main franchisee of Yum Brands in China, operating KFC, Pizza…
Yum China, which operates the KFC and Pizza Hut chains in China, logged a 9 per cent year-on-year increase in revenues to US$2.91 billion for the third quarter ended September 30. The company’s system sales were up 15 per cent, with both KFC and Pizza Hut…
YUM China Holdings said on Monday (Aug 15) it has applied for a primary listing in Hong Kong, as the company looks to circumvent a risk of delisting from the New York Stock Exchange amid tight regulatory scrutiny on Chinese companies. The move comes on the…
Looking outside her Beijing coffee shop where seven other nearby cafes including a Starbucks compete for customers, Huang Ying is simply glad to still be in business. In the 17 years since opening her cafe in the trendy 798 Art Zone district, making money has…
The owner of KFC and Pizza Hut said sales plunged by 20% in the first two weeks of March as a surge of new Covid cases spread across China. Yum China said “the situation has rapidly deteriorated” as regional lockdowns have been put in place to stem the…
Yum China has appointed Johnson Huang as its first chief customer officer and Warton Wang, who is currently the chief development officer, as GM of KFC. Both roles are effective on May 1. Yum China says creating the chief customer officer position is one of…
Yum China Holdings Inc said on Monday a COVID-19 resurgence in the country in recent weeks had dented sales in the first quarter, setting back the revival its KFC, Pizza Hut and Taco Bell joints had last year. Same-store sales decreased around 20% from a year…
Yum China Holdings, the owner of the KFC and Pizza Hut restaurant chains in China, has decided to shut down its struggling fast-food brand, East Dawning, after it failed to survive the Covid-19 pandemic. The company said in its annual report that the…
“We are pleased to report the third consecutive quarter of delivering positive same-store sales growth. With revenues exceeding $2 billion in the quarter, restaurant margin, operating profit and net income have all improved. We opened 129 new restaurants in…
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