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Yum China's (YUMC) second-quarter 2024 results reflect total system sales growth thanks to increased contributions from net new unit growth. Also, increased operational efficiency bodes well.

In a challenging economy, Yum China delivered solid bottom-line expansion. Operations are benefiting from simplification.

Yum China Holdings, Inc. (NYSE:YUMC ) Q2 2024 Earnings Conference Call August 6, 2024 8:00 PM ET Company Participants Florence Lip - Senior Director, IR Joey Wat - CEO & Executive Director Ka Yeung - CFO Conference Call Participants Michelle Cheng - Goldman Sachs Lillian Lou - Morgan Stanley Chen Luo - Bank of America Merrill Lynch Anne Ling - Jefferies Brian Bittner - Oppenheimer Sijie Lin - CICC Xiaopo Wei - Citigroup Operator Thank you for standing by. Welcome to the Yum China Second Quarter 2024 Earnings Conference Call.

The headline numbers for Yum China (YUMC) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Yum China Holdings (YUMC) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.47 per share a year ago.

Yum China Holdings said finance chief Andy Yeung intends to resign for personal reasons, effective Sept. 30.

Record Second Quarter Revenue Led by Same-store Transaction Growth and New Unit GrowthImproved OP Margin and Achieved Record Second Quarter Operating ProfitOperating Profit Grew 4%, Core Operating Profit1 Grew 12%, Diluted EPS Grew 17%Record First Half Openings of 779 Net New Stores and Cash Returns to Shareholders of Nearly $1 Billion SHANGHAI, China , Aug. 5, 2024 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) today reported unaudited results for the second quarter ended June 30, 2024. Second Quarter Highlights Total system sales grew 4% year over year ("YoY"), excluding foreign currency translation ("F/X"), on top of last year's high base.

Beyond analysts' top -and-bottom-line estimates for Yum China (YUMC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.

SHANGHAI , July 24, 2024 /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 board meetings at which a dividend is expected to be declared, that its board of directors (the "Board") will consider the declaration and payment of a quarterly dividend (the "Dividend"). If the Board decides to proceed, the declaration will be adopted by Board resolution on or around August 6, 2024 (Beijing/Hong Kong Time) and will be promptly disclosed by the Company.

Yum China (YUMC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.