SHANGHAI, June 17, 2024 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China", NYSE: YUMC and HKEX: 9987) and its joint venture partner Lavazza, one of the world's most prominent coffee manufacturers, announced today that they will bring a new partnership between Lavazza and iconic super sports car producer Automobili Lamborghini to the China market. Starting June 18, Lavazza will introduce a limited-time co-branded "LAVAZZA Shakerato" drink with Automobili Lamborghini in China, showcasing ...

华福证券 餐饮 2024年06月12日 公 司 百胜中国（ ） 09987.HK 买入（首次评级） 研 究 国内连锁餐饮龙头，多措并举带动管理能力提升 当前价格： 270.20港元 目标价格： 392.95港元 投资要点： 基本数据  快餐业龙头，多品牌协同共筑高质量发展。公司旗下品牌众多包括肯 总股本/流通股本(百万股) 388.21/388.21 德基，必胜客，塔可钟等知名餐饮品牌。截至24年3月份公司所经营门店数 流通市值(百万港元) 104,894.64 每股净资产(港元) 116.58 量达到15022家，公司快餐品牌深耕国内市场多年，门店遍布全国，具有强 资产负债率(%) 41.67 一年内最高/最低价(港元) 485.00/260.20 大的市场基础和客户需求粘性，品牌势能为公司业绩韧性提供支撑，23年 一年内股价相对走势 公司实现业绩恢复性增长，其中营收同比+14.72%；归母净利润同比+90%。 公 司  餐饮行业复苏红利看头部，连锁化率提升公司综合竞争力。根据国家 深 统计局数据，23年全国餐饮收入52890亿元，同比上升20.4%，疫后消费复 度 苏动力足，餐饮大赛道具备强经济韧性， ...

SHANGHAI, June 3, 2024 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China", NYSE: YUMC and HKEX: 9987) today announced that in celebration of Children's Day in China, over 4 million toy set meals have been sold this year as of June 2. Building on its long-term collaboration, KFC China teamed up with Pokémon again this year, offering six new Pokémon toys for this year, designed to appeal to fans of all ages. The exciting lineup included a Gengar memory game, a popular gaming toy; a Pikachu ...

SHANGHAI, May 31, 2024 /PRNewswire/ -- Yum China's Chinese Dining Business Unit – which includes the Little Sheep and Huang Ji Huang brands – made exciting new progress since the beginning of 2024, with new stores added to its domestic and global portfolio and innovative new store formats introduced to serve a broader range of party sizes.In May 2024 alone, nine new Little Sheep stores were added in multiple first-, second-, and third-tier cities across China. Internationally, Little Sheep recently returned ...

It has been about a month since the last earnings report for Yum China Holdings (YUMC) . Shares have lost about 2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Yum China due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Yum China Q1 Earnings and Revenues Surpas ...

Investment Rating - The investment rating for the company is "Outperform" [8] Core Views - The company reported a 1% revenue increase in Q1 2024, with same-store sales recovering to approximately 90% of 2019 levels [8][10] - The company plans to open approximately 1,500 to 1,700 new stores in 2024 and aims for capital expenditures of around $700 million to $850 million [10] - The company is increasing its stock buyback and dividend payouts, returning about $1.5 billion to shareholders [10] Summary by Sections Financial Performance - In Q1 2024, the company achieved revenue of $2.96 billion, a 1% year-over-year increase (7% increase when excluding foreign exchange effects) [2] - Adjusted operating profit was $374 million, down 11% year-over-year, while adjusted net profit was $287 million, down 2% year-over-year [2] - The operating margin was 12.6%, a decrease of 1.7 percentage points year-over-year [2] Store Expansion and Performance - As of Q1 2024, the total number of restaurants reached 15,022, with a net increase of 378 restaurants, marking a record for the first quarter [8] - The profit margin for restaurants was 17.6%, down 2.7 percentage points year-over-year [8] Cost Structure - In Q1 2024, raw materials and consumables increased by 7.3% to $900 million, accounting for 32.1% of revenue [8] - Employee costs rose by 3.7% to $710 million, making up 25.4% of revenue [8] - Management expenses decreased by 8.5% to $140 million, representing 4.7% of revenue [8] Future Projections - Revenue forecasts for 2024-2026 are $11.589 billion, $12.388 billion, and $13.225 billion, with year-over-year growth rates of 5.6%, 6.9%, and 6.8% respectively [9][10] - Net profit projections for the same period are $873 million, $935 million, and $1.017 billion, with corresponding growth rates of 5.6%, 7.0%, and 8.8% [10] Valuation - The estimated fair value per share is between $44.9 and $56.1, corresponding to a price range of HKD 350.5 to HKD 438.2 based on a PE ratio of 20-25 for 2024 [10][15]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _________________ Commission file number 001-37762 Yum China Holdings, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 8 ...

M N 2 May 2024 CMB International Global Markets | Equity Research | Company Update Yum China (9987 HK) 2Q24E is tough but turnaround is still possible o The 1Q24 results of Yum China were satisfactory, however the catering industry Target Price HK$348.13 remain subdued and hence we have become more cautious about YUMC’s (Previous TP HK$384.17) 2Q24E outlook. But since the turnaround in 2H24E should still be intact, plus Up/Downside 18.3% the massive buyback and dividend payment, we continue to maintain BUY. ...

Investment Rating - The investment rating for the company is "Buy" [1] Core Insights - The company's Q1 performance slightly exceeded expectations, maintaining projected net profits for 2024-2026 at $904 million, $979 million, and $1.044 billion respectively. The company plans to return $3 billion to shareholders through dividends and buybacks during the same period, with expected EPS of $2.24, $2.49, and $2.72, reflecting year-on-year growth of +12%, +11%, and +9% respectively, corresponding to PE ratios of 16x, 15x, and 14x [4] - In Q1 2024, total revenue reached $2.958 billion, a 1% increase (7% excluding currency effects), while operating profit was $374 million, down 10% (5% excluding currency effects). Net profit was $287 million, a decrease of 1% (5% excluding currency effects) [4] - Same-store sales experienced a slight decline due to a high base, while the number of new stores opened increased significantly year-on-year. The system sales for Q1 2024 grew by 6% year-on-year, driven by an 8% contribution from net new stores, despite a 3% decline in same-store sales [4] Financial Summary - The company reported the following financial figures (in million USD): - Revenue: 2021: 9,853; 2022: 9,569; 2023: 10,978; 2024E: 11,903; 2025E: 12,867; 2026E: 13,804 - Net Profit: 2021: 990; 2022: 442; 2023: 827; 2024E: 904; 2025E: 979; 2026E: 1,044 - The projected growth rates for revenue are 15% in 2023, 8% in 2024, and 7% in 2025 [6]

公司研 究 证 券研究 报 告 消费者服务 2024年05月05日 百 胜中国（09987.HK）2024年一季报点评 推 荐 （维持） 目标价：359.65港元 开店加速，持续回购彰显信心 当前价：299.00港元 事项： 华创证券研究所  百胜中国公布2024年一季度业绩，FY2024Q1 总收入增长1%至29.6亿美元。 证券分析师：王薇娜 若不计及外币换算的影响，总收入本应高出 1.54 亿美元，或增长 7%。净利 润为2.87亿美元，同比-1%，若不计及外币换算的影响，净利润yoy+5%。净 电话：010-66500993 利润率9.7%（不考虑外币换算影响-0.2pct）。 邮箱：wangweina@hcyjs.com 评论： 执业编 号：S0360517040002  24Q1系统销售额增长6%，主要得益于8%的净新增门店贡献，肯德基开店加 速，开店来看，本季度KFC门店净新增307家，为去年同期净新增门店数的 公司基本数据 两倍多，净新增加盟店58家（目前肯德基品牌整体门店中，加盟店占比12%）， 总股本(万股) 39034.03 期末KFC门店数达到10603家。必胜客本季度净新增113 ...