Yum China’s Q3 core operating profit increased by 18%, with 438 net new stores opened

operating profit increased On November 4, Yum China releas its third-quarter 2024 financial results report. With total revenue increasing 5% year-on-year to US$3.07 billion. The highest quarter in history. In addition, operating profit increas 15% to US$371 million, and core operating profit increas 18%.

This quarter, Yum China achiev strong sales growth. Improv operating profit margin, and a significant year-on-year increase of 33% in dilut earnings per share. The same-store sales index increas quarter-on-quarter, achieving same-store transaction volume growth for the seventh consecutive quarter.

As of September 30, 2024, the total number of Yum China stores increas to 15,861

Of which 11,283 were KFC and 3,606 were audit directors auditors email database Pizza Hut. The company open 438 net new stores in the third quarter, of which 145 franchise stores increas net, accounting for 33%. It is worth mentioning that KFC’s net new store openings in China in the first half of 2024 have reach 635, and most of KFC’s net new stores in the first half of the year are in China.

In the quarter, Yum China’s takeaway sales. Increas 18% year-on-year, accounting for about 40% of KFC and Pizza Hut’s restaurant revenue. Yum China’s takeaway sales have maintain annual double-digit growth rates for the past decade.

This quarter, Yum China’s digital order revenue reach US$2.61 billion, the combin number

Of KFC and Pizza Hut members exce 510 million. An 15 podcasts de marketing b2b para inspirar seu crescimento em 2021 member sales account for approximately 64% of the total sales of the KFC and Pizza Hut systems.

Joey Wat, CEO of Yum China, said, “We have effectively operating profit increased captur market opportunities driven by both operational efficiency and innovation. In our view, growth in system sales and same-store sales are equally important.

We are optimistic about the long-term growth prospects of the Chinese market

We continue to expand the operating profit increased market by 1000 mobile phone numbers expanding price ranges, optimizing delivery strategies and innovating business models. At the same time, we will continue to expand our business. By opening directly-operat and franchis stores to actively serve consumer groups that have not yet been fully cover .