secwatch.observer — SEC 8-K summary
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Issuer:     Yum China Holdings, Inc. (YUMC)
CIK:        0001673358
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0000950170-24-049931
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1673358/000095017024049931/0000950170-24-049931-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1673358/000095017024049931/yumc-20240429.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-049931

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer