Technology, Consumer Staples, Consumer Discretionary Feb 09, 2022 02:19 PM (GMT+8) · EqualOcean
Yum China announced its financial results for the fourth quarter and the whole year of 2021. According to the data, yum China's total revenue in 2021 was US $9.853 billion, a year-on-year increase of 19%; The annual operating profit was US $1.39 billion, a year-on-year increase of 44%; The adjusted net profit was US $525 million, down 15% from US $615 million in the same period last year. As of December 31, 2021, the total number of stores of the group has reached 11788, and Yum has opened 1806 new stores in 2021. Among them, KFC added 1232 stores and Pizza Hut added 335 stores.
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