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An aggressive store rollout program is helping Yum China achieve sales growth, but its Pizza Hut business continues to struggle. In year-end results released overnight, Yum China said fourth-quarter system sales rose 6 per cent in constant currency, but…
Yum China sales rose 12 per cent in the quarter to June 30, boosted by more stores and currency gains. But same-store sales declined across both of its brands and margins contracted. The company reported total sales of US$2.1 billion which on a…
Sales, profits and margins all grew, along with store expansion, for Yum China Holdings in its unaudited results for its first quarter to the end of February. Same-store sales grew 1 per cent, including growth of 1 per cent at KFC and 2 per cent at Pizza Hut…
Yum China’s full-year operating profit of US$640 million was up 31 per cent led by margin expansion and restaurant openings. Its CEO describes it as a “momentous” year for the group, licensee of Yum! Brands in Mainland China. It has exclusive rights on the…
Yum China’s first earnings report as an independent company proves that sometimes breaking up can be a very beautiful thing. In fact, its first report since the October spin-off from Louisville-based Yum Brands not only surpassed estimated sales projections…
Mexican-inspired restaurant chain Taco Bell has opened its first outlet in China, near Shanghai’s landmark Oriental Pearl Tower in the Lujiazui business district. The restaurant has opened in conjunction with Yum China Holdings, which is the licensee of Yum!…
Yum China, being spun off at the end of this month by Yum Brands Inc, says it can triple its number of restaurants. Yum Brands opened its foray into China with a KFC restaurant in Beijing in 1987. There are now more than 7300 KFC and Pizza Hut outlets. “I…
Yum China is set to exploit “huge potential” after its spin-off from its US parent, says Neil Saunders, CEO of Conlumino. Commenting on the parent company’s latest results, the US-based retail commentator said while the China division once again delivered “an…
Why did Alibaba decide to take a stake in Yum China, buying into the Chinese fast food market? The Alibaba-KFC partnership was growing strongly long before the tech paid $50 million for a stake in Yum China. Last week, the fast food company opened a KFC…
Yum China has revealed the likely composition of its board post-spin-off from its US parent, Yum! Brands. The new company to be formed after the sell-off to Primavera Capital Group and a subsidiary of Alibaba Group, will be called Yum China Holdings and is…
Yum! Brands has agreed with two partners to invest $460 million into Yum China, following its spinoff from the American fast-food giant. Also involved are China-based global private equity firm Primavera Capital Group and online and Alibaba subsidiary, mobile…
The Yum China divestment is expected to be completed by October 31. The US fast food giant released the target date along with second quarter figures showing solid sales growth across most Asian markets, especially within the KFC division. CEO Greg Creed said…
US private equity company KKR & Co tops a growing list of potential investors in Yum! China, the fast food giant’s planned spin-off. Bloomberg has named KKR, Baring Private Equity China and sovereign fund China Investment Corp as potential bidders for…
Yum! China has showed progress with a system wide sales increase of 3 per cent in the latest quarter – or 7 per cent on a constant currency basis. Same restaurant sales are now in positive growth, although by a fairly meagre 2 per cent given the 16 per cent…
