Yum China Named to TIME s Inaugural List of the TIME100 Most Influential Companies
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SHANGHAI, April 28, 2021 /PRNewswire/ Yum China Holdings, Inc. (the Company or Yum China ,NYSE: YUMC and HKEX: 9987) today announced that it has been named to TIME s first annual TIME100 Most Influential Companies list, which recognizes corporate pioneers, leaders, innovators, titans and disruptors that are shaping the world today. Yum China is the only restaurant company included in the inaugural list.
TIME100 Most Influential Companies - an expansion of TIME s annual TIME100 franchise - is a new list highlighting 100 companies making an extraordinary impact around the world. The list recognizes Yum China as a leading innovator that is inventing the future of fast food . TIME cited Yum China s industry-leading digital and delivery capabilities, as well as relentless new product innovation, as reasons for the Company s inclusion.
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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 Reports Fourth Quarter and Full Year 2020 Results
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Fourth Quarter Operating Profit grew to $180 million
Opened 1,165 new stores in 2020
SHANGHAI, Feb. 3, 2021 /PRNewswire/ Yum China Holdings, Inc. (the Company or Yum China ) (NYSE: YUMC and HKEX: 9987) today reported unaudited results for the fourth quarter and year ended December 31, 2020.
Impact of COVID-19 Outbreak and Mitigation Efforts
Fourth quarter operations improved sequentially from the third quarter. The Company s primary focus continues to be safety, efficiency and sales recovery. To counter the pandemic impact, we ran strong value and digital campaigns to drive traffic. Delivery and takeaway remained popular, while dine-in recovered sequentially. Proactive cost structure realignment, productivity improvements and one-off cost savings helped us achieve year-over-year expansion of restaurant margins and operating profit. However, the pace of recovery was uneven an