Affected by the epidemic at the end of last year in China, the chain catering giant Yum! China fell 89 % in the fourth quarter of last year, and the annual profit also fell 55 % year -on -year.Increased more than a thousand stores.
Comprehensive Finance Association and Hong Kong Sing Tao Daily reported that the fourth quarter of last year and the annual financial performance announcement disclosed on Wednesday (February 8th) of Yum!About 2.77 billion yuan), a year -on -year decrease of 9%; net profit was 53 million US dollars, a year -on -year decrease of 89%, mainly due to the decline in operating profit.
Data show that Yum! China last year's total revenue last year was US $ 9.57 billion, a decrease of 3%from the same period of the previous year. The annual net profit was 442 million US dollars, a year -on -year decrease of 55%, and the adjustment of net profit was 4.46.$ 100 million, a year -on -year decrease of 15%.The decline in the annual profit decline is also offset due to the decline in operating profit and some of the equity investment losses at the market value.
As of the end of December, the total number of Yum! China ’s stores reached 12,947, with a net net new store in the year.According to the report, the sales of the same store in the fourth quarter decreased by 4%compared with the same period of the previous year, of which KFC and Pizza Hut decreased by 3%and 8%respectively; the sales of the same year in the same year decreased by 7%from the previous year, of which KFC and Pizza Hut dropped by 7 respectively by 7 respectively.%And 6%.
China has adjusted the epidemic prevention and control measures to increase the surge in cases at the end of last year. Large -scale infections caused restaurants to have a shortage of staff. Yum! China last December 1,300 more than 1,300 temporary suspension of business or only provided limited services; and only limited services; and only limited services; and only limited services; and only limited services; and only limited services were provided; and only limited services were provided; and only limited services were provided; and only limited services were provided.Due to a large number of people in the home, the amount of food in the restaurant has fallen sharply, which has a great impact on the creation of transportation.
However, with the adjustment of the epidemic prevention and control measures, the restaurant has gradually returned to normal operations. In addition, this year's Spring Festival holiday earlier compared with last year, the company's sales in January increased from the previous month.
Yum! China pointed out in the report that as the Chinese epidemic prevention and control enters a new stage, the company will maintain a cautious and optimistic attitude.
The report pointed out that although the overall business environment and consumption willingness of China have improved, the uncertainty still exists in the short term, and the expenditure of consumers after the holiday is more cautious.At the same time, macroeconomic factors such as inflation environment and global economic weakness will also affect consumer behavior.In this case, the company remained alert to the current changing environment and planned a variety of response plans to seize the opportunity of growth and avoid risks when required.
Yang Jiawei, the chief financial officer of Yum! Said that the real test will be the sales trend and economic recovery after the holiday.He pointed out that the focus of this year is to boost sales, and it is expected to add 1100 to 1,300 stores in 2023, and continue to invest in technology and infrastructure construction.
