Yum China Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018
January 31, 2019 at 04:30 pm EST
Share
Yum China Holdings, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported total revenues of USD 1,914 million compared to USD 1,872 million a year ago. Operating Profit was USD 84 million compared to USD 47 million a year ago. Net income was USD 74 million compared to loss of USD 107 million a year ago. Basic and diluted earnings per share was USD 0.19 compared to basic and diluted loss per share of USD 0.28 a year ago.
For the full year, the company reported total revenues of USD 8,415 million compared to USD 7,769 million a year ago. Operating profit was USD 941 million compared to USD 778 million a year ago. Net income was USD 708 million compared to USD 398 million a year ago. Basic earnings per share was USD 1.84 compared to USD 1.03 a year ago. Diluted earnings per share was USD 1.79 compared to USD 1.00 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.