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Yum China Reports First Quarter 2021 Results

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. ....

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Yum China Has Acquired a 5% Equity Interest in Fujian Sunner Development

Yum China Has Acquired a 5% Equity Interest in Fujian Sunner Development
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SHANGHAI, March 16, 2021 /PRNewswire/ Yum China Holdings, Inc. ( Yum China ) (NYSE: YUMC and HKEX: 9987) today announced that it has acquired a 5% equity interest in Fujian Sunner Development Co., Ltd. ( Sunner , SZSE: 002299).
Founded in 1983 and headquartered in the Fujian Province, Sunner is China s largest white- feathered chicken producer. Sunner has a vertically integrated business model covering the full production chain, which primarily includes chicken breeding and farming, feed processing and meat processing.
We are excited to become a strategic investor in Sunner, our largest poultry supplier. Yum China and Sunner are longstanding business partners. The management team of Sunner has demonstrated exceptional execution capabilities over the years, said Joey Wat, CEO of Yum China. With this strategic investment, we l ....

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Yum China Has Acquired a 5% Equity Interest in Fujian Sunner Development

Yum China Has Acquired a 5% Equity Interest in Fujian Sunner Development
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