Yum China Holdings Inc. (YUMC), which operates Taco Bell Restaurants, KFC Restaurants, and Pizza Hut Restaurants in China, has published its first-quarter report for 2021. Across the board, the restaurant owner surpassed analysts’ expectations.
Yum China Holding’s revenue increased by 46 % year-on-year to $ 2.56 billion in the first quarter of 2018. Compared to this, Wall Street expected growth of about $ 2.44 billion. Among the benefits cited by the YUMC stock is increased productivity at all sales points. This was primarily because many of the chain’s new restaurants were opened in the last quarter. As a result, like-for-like sales for all of the YUMC stock’s restaurants grew by 10 % YoY. On the other hand, Pizza Hut, which experienced a 38% increase in like-for-like sales, led to this indicator.
During the first quarter of 2016, KFC’s limited-service sales increased by 5% year on year. Adjusted earnings per share topped analysts’ expectations of $ 0.44. Among its achievements during the past year is the strengthening of the YUMC stock’s supply chain—integrating more automation and digitalization into the processes. And the appointment of a 5% stake in the chicken supplier.
In the first quarter at Pizza Hut and KFC restaurants, sales were 84 % derived from digital orders, while delivery orders accounted for about 29 %. That’s a testament to the rapid adoption of digital technology in China. Yum China Holdings may be pushed to speed up its transformation and open restaurants equipped to take digital orders via a mobile app or on-site kiosks.
Yum China Holdings YUMC) opened the trading day with a price increase of 5.86%, representing a $3.51 relative change for the day. Over the last 52 weeks, YUMC’s price has ranged from $43.50 to $64.64. At last check, YUMC stock is trading at $63.42.