Today, we are more agile and responsive to the dynamic operating environment with enhanced supply chain infrastructures and digital capabilities,” Yum China CEO Joey Wat said in comments accompanying the company’s first-quarter results released on Tuesday. “Our performance was enabled by the execution of our RGM (Resilience-Growth-Moat) strategy over the past few years. Not far down the menu, the company also reported same-store sales growth in the first three months of the year. Topping the menu in the company’s latest results was a restaurant margin that reached a six-year high as China’s largest restaurant operator benefited from steps it took over the last three years to improve its operation efficiency. ( NYSE: YUMC )(9987.HK), operator of KFC and Pizza Hut restaurants in China, has just followed with a second helping of financials showing strong signs of recovery after three years of pandemic indigestion. The operator of KFC and Pizza Hut restaurants in China reported its same-store sales rose 8% year-over-year in the first quarter.Īfter serving up some cautiously optimistic financials three months ago, Yum China Holdings Inc.
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