Business Intelligence on Retailing, Franchising, and Consumerism in China


Little Sheep Contributed 3% Revenue Growth To Yum China

Yum! Brands Inc, owner of KFC, Pizza Hut, and Taco Bell, recently published its financial report for the fourth quarter ended December 29, 2012.

According to the report, Yum started integrating the operating performance of its Chinese hotpot business Little Sheep into the group financial report from the second quarter of 2012.

During the fourth quarter of 2012, Little Sheep contributed 3% growth rate to the operating revenue of Yum China; however, it brought negative impact on the profit rate of Yum's restaurants in China, causing a decrease of 0.3%. In the reporting period, the total operating revenue of Yum China was USD2.136 billion, a year-on-year increase of 14%; while the profit rate of its restaurants in China was 13.9%.

For the entire year of 2012, Little Sheep also contributed 3% growth rate to the operating revenue of Yum China; and it dragged down the profit rate by 0.4%. In the same period, the total operating revenue of Yum China was USD6.898 billion, a year-on-year increase of 24%; while the profit rate of its restaurants in China was 18.1%.

On February 1, 2012, the international food and beverage giant Yum! Brands Inc. acquired an additional 66% stake in Little Sheep, increasing its stake in the Chinese hotpot chain to 93%.





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