Yum! China ’s largest decline in five years

Yumsung China, which operates KFC, Pizza Hut, has fell 16%after the opening of US stocks on Wednesday (November 1st), which has fell 16%since the opening of September 2018.Then continued to fall, and fell by 20.43%as of the press time.

According to the Daily Economic News report, in the Hong Kong stock market on November 1, Yum! China has experienced a sharp decline in stock prices, as of the day's closing stock price fell 12.99%.

Yum! China released the third quarter of the 2023 financial report that day. The financial report showed that the third quarter revenue was US $ 2.91 billion (about S $ 3.97 billion).$ 100 million; net profit of US $ 244 million, which is lower than the market expectations of US $ 270 million.

The company's official website shows that Yumsung China operates a number of catering brands, including KFC, Pizza Hut and Emerging Brand Tatoku, Xiaoye Sheep, Huang Jihuang, and Yao Fan'er.However, the financial report shows that the main force of Yum: KFC and Pizza Hut.

The financial report shows that in the first three quarters, Yum! China ’s total revenue was 2.91 billion US dollars, an increase of 9%from US $ 2.68 billion in the same period last year.Among them, KFC's revenue was 2.186 billion US dollars, an increase of 8%year -on -year.Pizza Hut's income was $ 599 million, an increase of 7%year -on -year.

In the third quarter of this year, there were 500 Yum! China Net increase new stores, with an average of more than 5 stores in one day.From the end of the third quarter of 2021 to the end of the third quarter of this year, the number of stores in Yum! Increase from 11,415 to 14,102, with a net increase of 2,687.

In the third quarter of 2023, the company's net increase new stores were 500, a year -on -year increase of 14%, and revenue was 2.91 billion US dollars, a year -on -year increase of only 9%.This means that compared with the third quarter of 2022, a new store is added in the third quarter of this year, and the average revenue of Yum! China ’s average revenue will not increase and fall.