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Yum China Holdings, Inc. (NYSE:YUMC), a prominent player in the retail eating places industry with an $18.9 billion market capitalization and $11.3 billion in annual revenue, disclosed its annual results for the year ended December 31, 2024, today. The announcement was made in accordance with The Stock Exchange of Hong Kong Limited’s listing rules. According to InvestingPro data, the company has maintained consistent dividend payments for nine consecutive years.
The company, headquartered in Plano, Texas, and incorporated in Delaware, operates under the Yum China Building brand with principal executive offices also located in Shanghai, People’s Republic of China. It is known for its significant presence in the food service sector.
The full details of the annual results were made available on the Hong Kong Stock Exchange news website, providing investors and the public with access to comprehensive financial information.
The disclosure, filed in an 8-K form with the United States Securities and Exchange Commission, ensures Yum China’s compliance with international financial reporting standards and regulatory requirements. This transparency reflects the company’s commitment to maintaining high standards of corporate governance and investor communication.
Yum China Holdings, Inc. is listed on two major stock exchanges, with its common stock traded on the New York Stock Exchange under the ticker symbol YUMC and on The Stock Exchange of Hong Kong Limited under the ticker 9987. The stock has shown remarkable strength, trading near its 52-week high of $52 and delivering an impressive 49% return over the past six months.
This report is based on a press release statement and has been issued without any additional commentary or speculative insights, providing a straightforward account of Yum China Holdings, Inc.’s annual results disclosure.
In other recent news, Yum China Holdings is set to announce its fourth-quarter 2024 results on February 6, with expectations of a 4% increase in sales and a 12% rise in earnings per share, according to JPMorgan analyst Kevin Yin. Despite a projected 1.6% decline in same-store sales growth for the quarter, Yum China is expected to maintain strong profit margins, attributed to efficiency improvements and strategic initiatives like K-coffee and Pizza Hut’s new WOW model. Deutsche Bank (ETR:DBKGn)’s analyst Han Zhang maintains a Buy rating on the stock, citing confidence in Yum China’s profit margin trend and the positive impact of a recent menu price increase at KFC.
Both JPMorgan and Deutsche Bank have adjusted their price targets for Yum China, with JPMorgan setting it at $59 and Deutsche Bank at $54.30. The company’s strategy to transition towards a franchisee model is seen as a long-term growth driver, potentially enhancing shareholder returns, according to JPMorgan. Deutsche Bank also highlights effective cost control measures and the smooth progress of new store openings as factors contributing to the company’s financial stability. Additionally, Yum China plans to repurchase $360 million in shares for the first half of 2025.
Yum China benefited from a recent rally in US stocks with exposure to China, following China’s announcement of more accommodating monetary and fiscal policies. This policy shift is expected to stabilize the property and stock markets and stimulate domestic demand, which could positively impact Yum China and other consumer brands with a presence in the region. The market is closely watching China’s Central Economic Work Conference for further economic directives that could influence companies like Yum China.
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