Yum China Applies for Voluntary Conversion to Primary Listing on the Hong Kong Stock Exchange
SHANGHAI, Aug. 15, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) today announced that the Company applied for a voluntary conversion of its secondary listing status to a primary listing status (the "Proposed Primary Conversion") on the Ma...
Yum China Reports Second Quarter 2022 Results
Delivered $81 million Operating Profit. Extraordinary efforts partly mitigated impact from profound COVID-related disruptions Sales recovery remains gradual and uneven as COVID outbreaks persist Full year net new store target unchanged, powered by healthy new store performance SHANGHAI, July 29, ...
Yum China Releases First TCFD Report, Advancing its Commitment to Climate Action
SHANGHAI, July 25, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China", NYSE: YUMC and HKEX: 9987) today released its first climate-focused report in accordance with the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations. Aligned withYum China's co...
Yum China Announces Groundbreaking of New Supply Chain Management Center in Shanghai
SHANGHAI, July 21, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China", NYSE: YUMC and HKEX: 9987) today announced that the Company has commenced the construction of the Yum China Supply Chain Management Center in Shanghai's Jiading district. The 61,000 square meter facilit...
Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly Dividend
SHANGHAI, July 18, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today announced, in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "HKEX") which require advance notice of boa...
Yum China to Report Second Quarter 2022 Financial Results
SHANGHAI, July 8, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today announced that it will report its unaudited financial results for the second quarter endingJune 30, 2022 at 4:30 p.m. U.S. Eastern Time on Thursday, July 28, 2022 (4:30 ...
Update on Dispute about Royalties on Delivery and Aggregator Platform Fees with Yum! Brands
SHANGHAI, May 11, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) today reported that it has invoked the dispute resolution process with Yum! Brands, Inc. ("YUM"), pursuant to the Master License Agreement datedOctober 31, 2016, to resolve a...
Yum China Reports First Quarter 2022 Results
Resilience and agility enable Yum China to serve communities in need Grew Total Revenues and sustained Operating Profit despite significant challenges from the COVID-19 outbreak Remains focused on long-term opportunities: Total stores exceeded 12,000, in Q1 opened 329 net new stores SHANGHAI, May...
Yum China Shows Appreciation to Medical Workers on International Labor Day
SHANGHAI, May 1, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China", NYSE: YUMC and HKEX: 9987) today announced at a special event in Shanghai a series of corporate citizenship initiatives under the theme of "Million Thanks, Million Gifts" to express gratitude to medical w...
Yum China Launches First KFC Green Pioneer Stores in Hangzhou and Beijing
SHANGHAI, April 22, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China", NYSE: YUMC and HKEX: 9987) today announced the launch of KFC's first Green Pioneer Stores inHangzhou and Beijing, aiming to further integrate innovative solutions for building net-zero restaurants in ...
Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly Dividend
SHANGHAI, April 20, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today announced, in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "HKEX") which require advance notice of boa...
Yum China Appoints Johnson Huang as its First Chief Customer Officer and Warton Wang as General Manager of KFC, Yum China
SHANGHAI, April 19, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) today announced the appointment ofJohnson Huang as its first Chief Customer Officer. The creation of this leadership position is part of the Company's strategic initiatives...
Yum China to Report First Quarter 2022 Financial Results
SHANGHAI, March 24, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today announced that it will report its unaudited financial results for the first quarter endingMarch 31, 2022 at4:30 p.m. U.S. Eastern Time on Tuesday, May 3, 2022 (4:30 a....
Yum China Expands Share Repurchase Authorization by $1 Billion
SHANGHAI, March 17, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) today reported that its Board of Directors (the "Board") has increased the Company's share repurchase authorization by $1 billion to an aggregate of$2.4 billion. From 201...
Yum China Provides Update on the First Quarter 2022 Business Performance Amid the Latest COVID-19 Development in China
SHANGHAI, March 14, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) today updated its first quarter 2022 business performance in light of the recent COVID-19 development in China. As we mentioned in the fourth quarter earnings release, sam...
Yum China Provides Update on Status under Holding Foreign Companies Accountable Act
SHANGHAI, March 11, 2022 /PRNewswire/ – Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) today provided an update on its status under the Holding Foreign Companies Accountable Act (the "Act"). On March 8, 2022, as expected in its implementation of the Act, the U...
Yum China Provides Update on Status under Holding Foreign Companies Accountable Act
SHANGHAI, March 10, 2022 /PRNewswire/ – Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) today provided an update on its status under the Holding Foreign Companies Accountable Act (the "Act"). On March 8, 2022, as expected in its implementation of the Act, the U...
Yum China Ranked Among the Top 100 Companies Globally for Gender Equality by Equileap
SHANGHAI, March 8, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China", NYSE: YUMC and HKEX: 9987) today announced it has been ranked among the leading companies worldwide in the 2022 edition of Equileap's Top 100 Gender Equality Global Ranking.Yum China is the only compan...
Yum China Awarded 'Gold Class 2022' in S&P Global Sustainability Yearbook
SHANGHAI, Feb. 16, 2022 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China", NYSE: YUMC and HKEX: 9987) today announced it has received a Gold Class Award in the Sustainability Yearbook 2022 by S&P Global for its industry leading sustainability performance.Yum China is the only...
Yum China Reports Fourth Quarter and Full Year 2021 Results
Fourth quarter Total Revenues grew 1%; remained profitable amid COVID-19 impact Full year Total Revenues grew 19% with Operating Profit of $1.39 billion and Adjusted Operating Profit of$766 million Accelerated store expansion with record openings of 1,806 gross new stores or 1,282 net new stores i...