SHANGHAI, July 1, 2024 /PRNewswire/ -- Yum China Holdings,
Inc. (NYSE: YUMC and HKEX: 9987, "Yum
China" or the "Company") is pleased to announce that KCOFFEE
has opened its 200th store in China[1], following two new store
openings yesterday in Hangzhou East Railway Station and
Hangzhou International
Airport.
KCOFFEE's side-by-side store model, which consists of distinct
KCOFFEE storefronts and dining areas with a warm, inviting café
ambience adjacent to KFC restaurants, has been expanding rapidly
since the beginning of 2024, averaging approximately one new store
opening per day. The model features shared kitchen facilities with
KFC stores, which helps to reduce investment and operating costs
while providing excellent value to customers. By utilizing KFC
equipment, KCOFFEE can also offer unique products like coffee
floats and sparkling coffee without requiring additional investment
in equipment.
To celebrate the opening of its 200th store and the
20th anniversary of KFC's flagship egg tart, KCOFFEE
introduced its latest coffee creation, "Egg Tart Dirty Coffee". The
new drink combines rich, egg tart-flavored dirty coffee with a
delicately crispy edible egg tart pastry cup.
KCOFFEE side-by-side stores are currently located in over 120
cities across 31 provincial level regions in China. Locations include popular tourist
destinations such as Shigatse in Tibet, which opened in April at an
altitude of approximately 3,800 meters, just 150 miles from the
peak of Mount Everest. As KCOFFEE
continues to expand across China, it is
committed to continuing to provide consumers with an exceptional
coffee experience, while building KCOFFEE into an iconic coffee
brand in China.
[1] KCOFFEE side-by-side stores referenced in this
article are considered part of existing KFC stores and are not
counted separately in Yum China's
total store count.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. We intend all
forward-looking statements to be covered by the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements generally can be identified by the fact
that they do not relate strictly to historical or current facts and
by the use of forward-looking words such as "commit," "expect,"
"expectation," "believe," "anticipate," "may," "could," "intend,"
"belief," "aim," "plan," "estimate," "target," "predict,"
"project," "likely," "will," "continue," "should," "forecast,"
"outlook," "look forward to" or similar terminology. These
statements are based on current estimates and assumptions made by
us in light of our experience and perception of historical trends,
current conditions and expected future developments, as well as
other factors that we believe are appropriate and reasonable under
the circumstances, but there can be no assurance that such
estimates and assumptions will prove to be correct. Forward-looking
statements are not guarantees of performance and are inherently
subject to known and unknown risks and uncertainties that are
difficult to predict and could cause our actual results or events
to differ materially from those indicated by those statements. We
cannot assure you that any of our expectations, estimates or
assumptions will be achieved. The forward-looking statements
included in this press release are only made as of the date of this
press release, and we disclaim any obligation to publicly update
any forward-looking statement to reflect subsequent events or
circumstances, except as required by law. All forward-looking
statements should be evaluated with the understanding of their
inherent uncertainty. You should consult our filings with the
Securities and Exchange Commission (including the information set
forth under the captions "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" in our Annual Report on Form 10-K and subsequent
Quarterly Reports on Form 10-Q) for additional details about
factors that could affect our financial and other results.
About Yum China Holdings, Inc.
Yum China is the largest
restaurant company in China with a
mission to make every life taste beautiful. The Company has over
400,000 employees and operates over 15,000 restaurants under six
brands across more than 2,000 cities in China. KFC and Pizza Hut are the leading
brands in the quick-service and casual dining restaurant spaces in
China, respectively. In addition,
Yum China has also partnered with
Lavazza to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine.
Taco Bell offers innovative Mexican-inspired food. Yum China has a world-class, digitalized supply
chain which includes an extensive network of logistics centers
nationwide and an in-house supply chain management system. Its
strong digital capabilities and loyalty program enable the Company
to reach customers faster and serve them better. Yum China is a Fortune 500 company with the
vision to be the world's most innovative pioneer in the restaurant
industry. For more information, please visit
http://ir.yumchina.com
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SOURCE Yum China Holdings, Inc.
