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Source: Consumer Titanium

With the general downward trend in the performance of catering brands, Yum China Holdings, Inc. (hereinafter referred to as "Yum China") announced the second quarter performance report of 2024, with record-breaking total revenue and operating profit. The financial report shows that if the impact of foreign currency is not taken into account, Yum China's total revenue increased by 4%. The core operating profit increased by 12% this quarter. In the past quarter, the innovative business model helped Yum China further drive the growth of same-store sales and showed great development potential. Promoting digitalization and optimizing the supply chain further increased Yum China's profit margin.

According to industry insiders, the significant growth and steady profits reflect Yum China's sound business strategy and efficient management system, as well as its keen insight into and ability to respond quickly to market changes. Yum China is equally confident: "With our leading capabilities and scale in the industry, we can not only effectively respond to challenges, but also transform them into our competitive advantage."

Most profitable second quarter

On August 6, Yum China released its second quarter financial report for 2024. The financial report shows that even under the influence of the high base in the second quarter of last year, Yum China still showed a steady growth trend, with total revenue and operating profit both reaching a second quarter record high.

Specifically, in the second quarter of 2024, Yum China's total revenue increased by 1% year-on-year to US$2.68 billion; excluding the impact of foreign currency conversion, total revenue increased by 4% year-on-year.