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Yum China Reports First Quarter 2021 Results
Total Revenues grew 46%. System Sales grew 34% and Same-Store Sales were up 10% in constant currency
Opened 315 new stores and reported $342 million Operating Profit
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SHANGHAI, April 27, 2021 /PRNewswire/ Yum China Holdings, Inc. (the Company or Yum China ) (NYSE: YUMC and HKEX: 9987) today reported unaudited results for the first quarter ended March 31, 2021.
Impact of COVID-19 Outbreak and Mitigation Efforts
Yum China reported substantial year-over-year growth in the first quarter, as the Company began to lap prior year periods that were impacted by COVID-19. System sales growth was mainly attributable to same-store sales growth, new unit contribution and substantially fewer temporary store closures. Operating Profit growth was further driven by lower commodity prices and productivity gains.
Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly Dividend
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SHANGHAI, April 15, 2021 /PRNewswire/ Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, Yum China or the Company ) today announced, in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the HKEX ) which require advance notice of board meetings at which a dividend is expected to be declared, that its board of directors (the Board ) will consider the declaration and payment of a quarterly dividend (the Dividend ). If the Board decides to proceed, the declaration will be adopted by Board resolution on or around April 28, 2021 (Beijing/Hong Kong Time) and will be promptly disclosed by the Company.
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Yum China to Report First Quarter 2021 Financial Results
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SHANGHAI, March 17, 2021 /PRNewswire/ Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, Yum China or the Company ) today announced that it will report its unaudited financial results for the first quarter ending March 31, 2021 at 4:30 p.m. U.S. Eastern Time on Tuesday, April 27, 2021 (4:30 a.m. Beijing/Hong Kong Time on Wednesday, April 28, 2021).
Yum China s management will hold an earnings conference call at 8:00 p.m. U.S. Eastern Time on Tuesday, April 27, 2021 (8:00 a.m. Beijing/Hong Kong Time on Wednesday, April 28, 2021).
Operator-assisted conference calls are not available at the moment. Please register in advance of the conference through the link provided below. Upon registering, you will be provided with participant dial-in numbers, a passcode and a unique registrant ID.