Yum China Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 28, 2022 at 04:46 pm
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Yum China Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 2,026 million compared to USD 2,233 million a year ago. Revenue was USD 2,128 million compared to USD 2,451 million a year ago. Net income was USD 83 million compared to USD 181 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.43 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.42 a year ago.
For the six months, sales was USD 4,574 million compared to USD 4,564 million a year ago. Revenue was USD 4,796 million compared to USD 5,008 million a year ago. Net income was USD 183 million compared to USD 411 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 0.98 a year ago. Diluted earnings per share from continuing operations was USD 0.43 compared to USD 0.95 a year ago.
Yum China Holdings Inc is a China-based company mainly engaged in the provision of restaurant business. The Company operates its business through three segments. The Kentucky Fried Chicken (KFC) segment operates quick-service restaurant (QSR), mainly providing original recipe chicken and other chicken products, beef burgers, pork, seafood, rice dishes, congees, fresh vegetables, desserts, coffee, tea and other products. The Pizza Hut segment operates casual dining restaurant (CDR), which mainly offering multiple dayparts, including breakfast, lunch, afternoon tea and dinner. The products include various types of pizzas, steaks, pasta, rice dishes and other entrees, appetizers, beverages and desserts. The Other segment mainly operate offline stores and e-commerce business, including Taco Bell, Lavasa, Little Sheep, Huang Ji Huang, COFFii&JOY, East Dawning and other different brands. The Company operates its businesses in the domestic market.
YUM CHINA HOLDINGS, INC. 
