Yum China Holdings Full Year 2024 Earnings: EPS Beats Expectations

Yum China Holdings (NYSE:YUMC) Full Year 2024 Results

Key Financial Results

• Revenue: US$11.3b (up 3.0% from FY 2023).
• Net income: US$911.0m (up 10% from FY 2023).
• Profit margin: 8.1% (up from 7.5% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$2.35 (up from US$1.99 in FY 2023).

YUMC Sales Performance and Store Count

• Same store sales growth: Down 3.0% vs FY 2023.
• Total stores: 16,395 (up by 1,751 from FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Yum China Holdings EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%.

The primary driver behind last 12 months revenue was the KFC segment contributing a total revenue of US$8.51b (75% of total revenue). Notably, cost of sales worth US$9.04b amounted to 80% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$568.0m (42% of total expenses). Explore how YUMC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are up 5.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Yum China Holdings that you should be aware of.

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