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YUM CHINA Plans to Accelerate Franchise Store Expansion
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YUM CHINA (09987.HK) (YUMC.US) announced its results for the third quarter ended September 2024, with core operating profit hiking 18% YoY. Same-store transactions grew for the 7th consecutive quarter. The Company has recognized the huge potential of the China market to exploit empty markets and expand consumer reach scope, Chief Executive Officer Joey Wat said. Through a customized store model, YUM CHINA is accelerating the pace of expansion of its franchise stores, which are expected to enable the Company to access previously hard-to-reach strategic locations, remote areas and lower-tier cities. AAStocks Financial News |
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