Meet The 'Force Of Nature' Propelling Yum China's Sales And Shares [Forbes]
Yum China Holdings, Inc. (YUMC)
Last yum china holdings, inc. earnings: 4/28 04:30 pm
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Source: Forbes
Meet The 'Force Of Nature' Propelling Yum China's Sales And Shares Yum China CEO Joey Wat leads a business that employs 450,000 and generated revenue of more than $8.4 billion in 2018. When Joey Wat joined Yum! Restaurants China back in 2014, the operator of the KFC and Pizza Hut chains had had better days. Profit growth was falling, stores needed renovating, and the global chain giant had hardly any digital business in the e-commerce-friendly country. “People asked the question, ‘Do Chinese still like fried chicken?’” Wat recalled in a recent interview. “It was in a turnaround situation.” Fast forward to 2019: 95% of KFC’s stores in China have been renovated, more than 1,000 have been added, and profit has improved. Yum China was spun off from parent Yum Brands and listed at the New York Stock Exchange in 2016, all helping Wat to be promoted to Yum China CEO last year. This year, at a time when mainland shares have been weighed down by slower economic growth in China and Sino-U.S.
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YUMC
News
- Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly DividendPR Newswire
- Q4 Earnings Roundup: Wendy's (NASDAQ:WEN) And The Rest Of The Traditional Fast Food Segment [Yahoo! Finance]Yahoo! Finance
- Yum China (NYSE:YUMC): Strongest Q4 Results from the Traditional Fast Food Group [Yahoo! Finance]Yahoo! Finance
- Yum China CEO Joey Wat Releases Annual Letter to Stockholders [Yahoo! Finance]Yahoo! Finance
- Yum China CEO Joey Wat Releases Annual Letter to StockholdersPR Newswire
YUMC
Earnings
- 2/6/24 - Beat
YUMC
Sec Filings
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEF
- YUMC's page on the SEC website