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Yum China | 10-Q: Q3 2024 Earnings Report

Yum China | 10-Q: Q3 2024 Earnings Report

百胜中国 | 10-Q:2024财年三季报
美股SEC公告 ·  11/08 19:05

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Yum China reported a 5% increase in total revenues to $3,071 million for Q3 2024, with operating profit rising 15% to $371 million. System sales grew 4% year-over-year excluding foreign exchange impact, despite a 3% decline in same-store sales. The company opened 1,759 new stores over the past year, bringing its total to 15,861 across China.KFC, the largest segment, saw revenues rise 6% to $2,311 million with operating profit up 6% to $364 million. Pizza Hut revenues increased 2% to $615 million as operating profit grew 13% to $52 million. The company benefited from net new unit growth, operational efficiency improvements, and favorable commodity prices, offsetting increased value-for-money offerings and wage inflation.Yum China announced plans to increase capital returns to shareholders from $3 billion to $4.5 billion between 2024 and 2026. The Board approved a $1 billion increase to the share repurchase program and declared a quarterly dividend of $0.16 per share. The company expects capital expenditures of $700-850 million for fiscal year 2024 as it accelerates store network expansion and invests in digitalization and infrastructure.
Yum China reported a 5% increase in total revenues to $3,071 million for Q3 2024, with operating profit rising 15% to $371 million. System sales grew 4% year-over-year excluding foreign exchange impact, despite a 3% decline in same-store sales. The company opened 1,759 new stores over the past year, bringing its total to 15,861 across China.KFC, the largest segment, saw revenues rise 6% to $2,311 million with operating profit up 6% to $364 million. Pizza Hut revenues increased 2% to $615 million as operating profit grew 13% to $52 million. The company benefited from net new unit growth, operational efficiency improvements, and favorable commodity prices, offsetting increased value-for-money offerings and wage inflation.Yum China announced plans to increase capital returns to shareholders from $3 billion to $4.5 billion between 2024 and 2026. The Board approved a $1 billion increase to the share repurchase program and declared a quarterly dividend of $0.16 per share. The company expects capital expenditures of $700-850 million for fiscal year 2024 as it accelerates store network expansion and invests in digitalization and infrastructure.
百胜中国报告2024年第三季度总收入增长5%至307100万,营业利润增长15%至37100万。剔除汇率期货影响,系统销售同比增长4%,尽管同店销售下降3%。过去一年,该公司新开了1759家门店,使其在中国的总门店数量达到15861家。作为最大单元,KFC的收入增长6%至231100万,营业利润增长6%至36400万。必胜客的收入增长2%至61500万,营业利润增长13%至5200万。该公司受益于净新单位增长、运营效率的提升以及有利的商品价格,抵消了性价比产品的增加和工资通胀。百胜中国宣布计划在2024年至2026年期间将对股东的资本回报从30亿提高至45亿。董事会批准将股票回购计划增加10亿,并宣布每股季度股息为0.16美元。该公司预计2024财年的资本支出为70000-85000万,因为它加快门店网络扩张并投资于数字化和制造行业。
百胜中国报告2024年第三季度总收入增长5%至307100万,营业利润增长15%至37100万。剔除汇率期货影响,系统销售同比增长4%,尽管同店销售下降3%。过去一年,该公司新开了1759家门店,使其在中国的总门店数量达到15861家。作为最大单元,KFC的收入增长6%至231100万,营业利润增长6%至36400万。必胜客的收入增长2%至61500万,营业利润增长13%至5200万。该公司受益于净新单位增长、运营效率的提升以及有利的商品价格,抵消了性价比产品的增加和工资通胀。百胜中国宣布计划在2024年至2026年期间将对股东的资本回报从30亿提高至45亿。董事会批准将股票回购计划增加10亿,并宣布每股季度股息为0.16美元。该公司预计2024财年的资本支出为70000-85000万,因为它加快门店网络扩张并投资于数字化和制造行业。
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