YUMC - Mergers and acquisitions

SHANGHAI, Aug. 7, 2026 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE:YUMC) today announced that it has completed the acquisition of the ownership of the Pizza Hut brand in Mainland China from Yum! Brands, Inc. ("Yum! Brands") (NYSE:YUM) for US$1.2 billion. The acquisition was first announced on June 16, 2026.Joey Wat, CEO of Yum China, said, "Becoming the owner of the Pizza Hut brand in Mainland China is a major breakthrough for us, after operating the brand in the market for 36 years. In the near term, the savings in license fee payments to Yum! Brands are expected to make Pizza Hut's restaurant margin closer to KFC's. This should enable more potential new st

Fourth Quarter Total Revenues grew 11%. System Sales grew 5% in constant currency Fourth Quarter Operating Profit grew to $180 million Opened 1,165 new stores in 2020 SHANGHAI, Feb. 3, 2021 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) today reported unaudited results for the fourth quarter and year ended December 31, 2020. Impact of COVID-19 Outbreak and Mitigation Efforts  Fourth quarter operations improved sequentially from the third quarter. The Company's primary focus continues to be safety, efficiency and sales recovery. To counter the pandemic impact, we ran strong value and digital campaigns to drive traffic. Delivery and t