Yum China (YUMC) Reports In-Line Q2 EPS
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Yum China Reports Q2 Same-Store Sales Growth of 3% and Operating Profit Growth of 64%; Loyalty Members Surpassed 100 Million; Mobile Payment Exceeded 40% of Total Company Sales
July 5, 2017 4:30 PM EDTSHANGHAI, July 5, 2017 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC) today reported unaudited results for the second quarter ended May 31, 2017.
Second Quarter Highlights
Total system sales grew 7%, including growth of 8% at KFC and 7% at Pizza Hut1, excluding foreign currency translation ("F/X"). Same-store sales grew 3%, including growth of 4% at KFC, flat at Pizza Hut. Opened 90 new restaurants during the quarter. Total restaurant margin increased 2.7 percentage points to 15.3%, primarily due to the impact of retail tax structure reform and... More