Top-News
Mittwoch,
05.04.2017 22:35
von
PR Newswire
| Aufrufe: 41
Yum China Achieved a Strong First Quarter with Same-Store Sales Growth of 1%; Operating Profit Grew 22%; Restaurant Margin Expanded to 23%
Die chinesische Flagge.
pixabay.com
PR Newswire
SHANGHAI, April 6, 2017
SHANGHAI, April 6, 2017 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC) today reported unaudited results for the first quarter ended February 28, 2017.
First-Quarter Highlights
- Same-store sales grew 1%, including growth of 1% at KFC and 2% at Pizza Hut Casual Dining.
- Total system sales grew 4%, including growth of 3% at KFC and 9% at Pizza Hut Casual Dining, excluding foreign currency translation ("F/X").
- Opened 133 new restaurants during the quarter.
- Total restaurant margin increased 3.7 percentage points to 23.0%, primarily aided by the impact of retail tax structure reform implemented on May 1, 2016.
- Operating profit grew 22%, and 27% excluding F/X, primarily aided by the impact of retail tax structure reform. F/X negatively impacted operating profit by $12 million.
- Net income increased 21% to $175 million.
- Adjusted EBITDA increased 14% to $320 million.
- Basic EPS increased 14% to $0.45 and diluted EPS increased 12% to $0.44.
Key Results
| | % Change | ||||||
| | System Sales | | Same-Store Sales | | Net New Units | | Operating Profit |
| | | | | | | | |
| Yum China | +4 | | +1 | | +6 | | +22 |
| KFC | +3 | | +1 | | +5 | | +9 |
| Pizza Hut Casual Dining | +9 | | +2 | | +9 | | +67 |
| | First Quarter | ||||||||
| (in US$ million, except | | | % Change | ||||||
| for per share data and percentages) | 2017 | | 2016 | | Reported | | Ex F/X | ||
| Operating Profit | $ | 254 | | $ | 209 | | +22 | | +27 |
| Net Income | $ | 175 | | $ | 145 | | +21 | | +27 |
| Adjusted EBITDA | $ | 320 | | $ | 279 | | +14 | | +20 |
| Basic EPS | $ | 0.45 | | $ | 0.40 | | +14 | | +19 |
| Diluted EPS | $ | 0.44 | | $ | 0.40 | | +12 | | +17 |
| Note: All comparisons are versus the same period a year ago. |
CEO Comments
"I am very pleased with our performance in the first quarter of 2017, and at Yum China we are facing the future with increasing confidence. Both KFC and Pizza Hut Casual Dining delivered positive same-store sales in the first quarter of 2017, with KFC successfully lapping a particularly strong year ago performance. In addition to a good sales performance, our new unit builds, restaurant margin and operating profit showed strong improvement. We have over 7,600 restaurants, with a two-to-one lead over the nearest Western Quick-Service Restaurant competitor and an approximately six-to-one lead over the nearest Western Casual Dining Restaurant competitor, in China", said Micky Pant, CEO.
"We are especially gratified with the progress made on two key drivers of growth – Digital and Delivery. A network of over 4,400 restaurants in our system offer delivery services and we believe we have established an infrastructure for continued growth. In the first quarter of 2017, delivery represented about 12% of our company sales. With approximately 93 million loyalty program members between KFC and Pizza Hut Casual Dining, we believe we have unprecedented insights into consumer behavior and have been engaging with them across the digital eco-system: from pre-order to payment.
We remain confident in our ability to deliver 550-600 new builds while delivering a double digit growth in operating profit, excluding F/X, in 2017. More importantly we feel our foundation is even stronger to capitalize on the long-term potential of China, and generate strong returns for our stockholders."
New-Unit Development and Asset Upgrades
- Opened 133 new restaurants during the quarter. Remodeled 32 restaurants, led by KFC.
| | New Units | Restaurant Count | ||||
| | First | As of First Quarter End | ||||
| | Quarter | | 2017 | | 2016 | |
| Yum China | | 133 | | 7,663 | | 7,205 |
| KFC | | 72 | | 5,276 | | 5,019 |
| Pizza Hut Casual Dining | | 30 | | 1,738 | | 1,596 |
| Pizza Hut Home Service, Little Sheep, East Dawning | | 31 Werbung Mehr Nachrichten zur Yum China Holdings Inc Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1  Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News | ||||
