Yum China (NYSE: YUMC) reported Q4 EPS of $0.35, versus $0.38 reported last year. Revenue for the quarter came in at $2.29 billion, versus $2.26 billion reported last year. Same-store sales decreased 11% year over year, with decreases of 12% at KFC and 8% at Pizza Hut, excluding F/X.

2022 Outlook

The Company currently expects:

• Approximately 1,000 to 1,200 net new stores.
• Capital expenditures in the range of $800 million to $1 billion, which includes stepped-up investments in supply chain, infrastructure and digital.

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