Yum China says CFO to step down; KFC, Pizza Hut provide earnings boost
페이지 정보
본문
Aug 5 (Reuters) - Yum China said on Monday finance chief Andy Yeung was stepping down after nearly five years in the role and If you are you looking for more in regards to Home automation hub look into our own web-page. that its quarterly earnings were boosted by strong performance at its KFC and Pizza Hut franchises.
Chief Investment Officer Adrian Ding will replace Yeung, who cited personal reasons for his resignation, Remote control light switch as CFO on an interim basis, it said.
Ding is general manager of the company's Lavazza joint venture, which aims to open 1,000 cafes in China by 2025.
Yum China's second-quarter net income rose 8% to $212 million from a year earlier.
"By reducing the complexity of menus and operations, and harnessing the power of automation and AI, we improved operational efficiency," CEO Joey Watt said.
The company opened more KFC stores during the period and Smartphone Thermostat recorded a 2% rise in total revenue from these operations.
KFC gained market share on delivery platforms, amid an economic downturn in the mainland, by expanding price range and reducing delivery fees, Watt said.
"Pizza Hut attracted value-conscious customers with its entry-price pizzas and solo diners with its Pizza Dough Burger," he added.
U.S.-listed shares of the fast food chain were up about 1% at $29.8, after the bell. (Reporting by Roshan Thomas and Anuja Bharat Mistry in Bengaluru; Editing by Anil D'Silva and Remote control light switch Mohammed Safi Shamsi)
Chief Investment Officer Adrian Ding will replace Yeung, who cited personal reasons for his resignation, Remote control light switch as CFO on an interim basis, it said.
Ding is general manager of the company's Lavazza joint venture, which aims to open 1,000 cafes in China by 2025.
Yum China's second-quarter net income rose 8% to $212 million from a year earlier.
"By reducing the complexity of menus and operations, and harnessing the power of automation and AI, we improved operational efficiency," CEO Joey Watt said.
The company opened more KFC stores during the period and Smartphone Thermostat recorded a 2% rise in total revenue from these operations.
KFC gained market share on delivery platforms, amid an economic downturn in the mainland, by expanding price range and reducing delivery fees, Watt said.
"Pizza Hut attracted value-conscious customers with its entry-price pizzas and solo diners with its Pizza Dough Burger," he added.
U.S.-listed shares of the fast food chain were up about 1% at $29.8, after the bell. (Reporting by Roshan Thomas and Anuja Bharat Mistry in Bengaluru; Editing by Anil D'Silva and Remote control light switch Mohammed Safi Shamsi)
- 이전글Proof That Daycares Popular Listings Is exactly What You're On the lookout for 24.09.26
- 다음글15 Best Documentaries On Mesothelioma Law 24.09.26
댓글목록
등록된 댓글이 없습니다.