2024 Q1: Yum China (KFC, Pizza Hut) reports 6% year-over-year increase in sales, 378 net new stores.
Despite a challenging global environment, the Chinese market remains attractive for foreign businesses. Recent financial reports of various global brands highlight robust performance in China, with catering firms like Yum China, operator of KFC and Pizza Hut, experiencing a 6% year-over-year increase in total sales in the first quarter of 2024, excluding foreign currency translation. Yum China also opened a record 378 net new stores in the quarter.
May 12, 2024
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