Yum China says CFO to step down; KFC, Pizza Hut provide earnings boost
238.00 €
Published date: 2024/11/16
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Aug 5 (Reuters) - Yum China said on Monday finance chief Andy Yeung was stepping down after nearly five years in the role and that its quarterly earnings were boosted by strong performance at its KFC and Here is more information regarding Smart lighting systems visit our own page. Pizza Hut franchises.
Chief Investment Officer Adrian Ding will replace Yeung, Smart bulbs who cited personal reasons for his resignation, Home automation pakistan 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 Top smart home automation systems and AI, we improved operational efficiency," CEO Joey Watt said.
The company opened more KFC stores during the period and recorded a 2% rise in total revenue from these operations.
Chief Investment Officer Adrian Ding will replace Yeung, Smart bulbs who cited personal reasons for his resignation, Home automation pakistan 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 Top smart home automation systems and AI, we improved operational efficiency," CEO Joey Watt said.
The company opened more KFC stores during the period and recorded a 2% rise in total revenue from these operations.
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