Yum China Q1 revenues hit all-time high $2.96B; diluted EPS up 10% ex-FX; record 378 net new stores

Yum China Holdings, Inc.

2024-Q1 EPS reported $0.71 revenue$2,958,000,000

Total revenues $2.96B (+1% reported, +7% ex-FX); system sales +6% ex-FX on 8% net new unit contribution.
Diluted EPS $0.71 (+4% reported, +10% ex-FX); core operating profit $396M (+1% YoY).
Opened 378 net new stores (record); total store count >15,000 (10,603 KFC, 3,425 Pizza Hut).
Restaurant margin fell to 17.6% (down 1.7ppts) on value offerings and wage inflation, partly offset by G&A savings.
Record quarterly shareholder return of $745M via $681M buybacks and $0.16/sh dividend; FY2024 targets unchanged.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Yum China Holdings, Inc. reported financial results for the first quarter ended March 31, 2024.

Period: the first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On April 29, 2024, Yum China Holdings, Inc. issued a press release announcing its unaudited results for the first quarter ended March 31, 2024.

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Source: SEC EDGAR

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