Yum China Holdings (YUMC) has released an update.
Yum China Holdings reported a 5% increase in total system sales year over year, excluding foreign currency impact, for the first half of 2024, driven largely by the opening of 779 new stores. Despite a slight decline in same-store sales to 97% of the previous year’s level, total revenue saw a 1% rise to $5.64 billion, and diluted earnings per share (EPS) grew by 10% to $1.26. The company also enhanced shareholder value by returning nearly $1 billion through share buybacks and dividends.
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