Yum China reports record Q2 2024 revenue, operating profit, and EPS due to focus on operational efficiency, market expansion, and innovative business models.

Yum China, the parent company of KFC, Pizza Hut, and Taco Bell in China, reported record levels of revenue, operating profit, and EPS in Q2 2024, with system sales growing 4% YoY. The company attributes its success to a focus on operational efficiency, expanding its addressable market, and introducing innovative business models. Yum China's initiatives led to cost savings, enabling reinvestment into food and value, stabilizing restaurant margins at 9.9%. The company plans to expand its delivery platforms, target a wider price range, and reduce delivery fees to increase its customer base.

August 05, 2024
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