The earnings call highlighted a robust performance with record-breaking store openings and strong growth in core operating profit. Despite challenges in maintaining ticket averages and labor cost pressures, the overall sentiment is positive due to significant achievements in sales, profit, and shareholder returns.

Company Guidance

During Yum China Holdings, Inc.'s fourth quarter 2024 earnings call, the company reported several impressive metrics indicating strong performance and strategic progress. System sales grew by 4% year-over-year, with same-store sales index improving to 99% of prior year levels. The restaurant and operating profit margins both expanded significantly, with core operating profit increasing by 35%. Over the full year, Yum China opened a record 1,751 net new stores, bringing the total to 16,395 stores, and achieved an adjusted operating profit of $1.2 billion, marking a 12% increase. Diluted EPS grew by 22%, and the company has experienced eight consecutive quarters of positive transaction growth. KFC's system sales rose by 6%, with delivery sales showing a 16% growth, and Pizza Hut's operating profit more than tripled in Q4, growing 19% for the full year. Capital returns to shareholders amounted to $1.5 billion, including $248 million in dividends and $1.24 billion in share repurchases, with plans to return $4.5 billion from 2024 through 2026. The company is on track to reach 20,000 stores by 2026 and expects to maintain a stable or slightly improved core operating profit margin in 2025.

Record-Breaking Year for Store Openings

Opened a record 1,751 net new stores, ending the year with 16,395 stores.

Strong Growth in Core Operating Profit

Core operating profit grew 35% year-over-year in Q4 and 12% for the full year.

Significant Expansion in Delivery Sales

Delivery sales grew 16%, continuing a decade-long double-digit annual growth momentum.

Pizza Hut's Transformation Success

Same-store transactions grew 5%, and restaurant margin expanded by 60 basis points. Core OP more than tripled in Q4 and grew 19% for the full year.

KFC's Continued Growth and Innovation

System sales grew by 6%, and KFC sold 250 million cups of coffee, marking 30% growth.

Increased Capital Returns to Shareholders

Returned $1.5 billion to shareholders in 2024, including increased dividends by 50%.

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Yum China Holdings (YUMC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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YUMC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 06, 2025	2025 (Q1)	0.80 / -	0.71	―	―	―
Feb 06, 2025	2024 (Q4)	0.29 / 0.30	0.25	20.00% (+0.05)
Nov 04, 2024	2024 (Q3)	0.66 / 0.77	0.59	30.51% (+0.18)
Aug 05, 2024	2024 (Q2)	0.47 / 0.55	0.472	16.53% (+0.08)
Apr 29, 2024	2024 (Q1)	0.65 / 0.71	0.687	3.35% (+0.02)
Feb 06, 2024	2023 (Q4)	0.16 / 0.25	0.12	108.33% (+0.13)
Oct 31, 2023	2023 (Q3)	0.65 / 0.59	0.49	20.41% (+0.10)
Jul 31, 2023	2023 (Q2)	0.46 / 0.47	0.202	133.66% (+0.27)
May 02, 2023	2023 (Q1)	0.46 / 0.69	0.24	186.25% (+0.45)
Feb 07, 2023	2022 (Q4)	0.15 / 0.12	0.03	300.00% (+0.09)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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YUMC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 06, 2025	$45.52	$49.65	+9.07%
Nov 04, 2024	$44.92	$48.14	+7.17%
Aug 05, 2024	$29.56	$33.10	+11.98%
Apr 29, 2024	$39.54	$36.05	-8.83%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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