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Yum China Holdings (YUMC) Q2 FY2022 earnings: revenue $2.1 billion, down 13.2% on the year

Yum China Holdings, Inc. (YUMC) reported revenue of $2.1 billion for Q2 FY2022, the quarter ended 30 June 2022, down 13.2% on the same quarter a year earlier. Net income was $83 million, down 54.1% on the year, and diluted earnings per share $0.20. The figures are the company's own, from the 10-Q it filed with the SEC on 9 August 2022.

Revenue$2.1 billiondown 13.2%
Net income$83 milliondown 54.1%
Diluted EPS$0.20
QuarterQ2 FY2022ended 30 June 2022

The quarter, against the one before and a year earlier

LineQ2 FY2022Q1 FY2022A year earlierChange on the year
Revenue2,1282,668n/an/a
Operating income81.0191n/an/a
Operating margin3.8%7.2%n/a
Pre-tax income115166n/an/a
Income tax31.055.0n/an/a
Effective tax rate27.0%33.1%n/a
Net income83.0100n/an/a
Net margin3.9%3.7%n/a
Diluted EPS$0.20$0.23n/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ2 FY2022Q1 FY2022A year earlierChange on the year
Operating cash flow438171n/an/a
Capital expenditure142205n/an/a
Free cash flow296-34.0n/an/a
Free cash flow margin13.9%-1.3%n/a
Cash from investing-65.013.0n/an/a
Cash from financing-239-274n/an/a
Depreciation and amortisation153164n/an/a
Share-based compensation10.011.0n/an/a
Buybacks176224n/an/a
Dividends paid50.051.0n/an/a
Dividend per share$0.12$0.12n/an/a
Diluted shares, weighted424m430mn/an/a
Shares outstanding at period end420m423mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ2 FY2022Q1 FY2022A year earlierChange on the year
Shareholders' equity6,5296,893n/an/a
Non-controlling interest760801n/an/a
Redeemable equity13.014.0n/an/a
Debt0.00.0n/an/a
Operating lease liabilities2,0002,214n/an/a
Finance lease liabilities39.041.0n/an/a
Other liabilities2,7132,676n/an/a
Total liabilities and equity12,05412,639n/an/a
Fixed assets2,0652,231n/an/a
Goodwill2,0472,163n/an/a
Intangible assets213251n/an/a
Investments2,5062,622n/an/a
Cash and equivalents1,1471,047n/an/a
Receivables79.070.0n/an/a
Inventory353345n/an/a
Other assets3,6443,910n/an/a
Total assets12,05412,639n/an/a

Questions

What was Yum China Holdings' revenue in Q2 FY2022?

Yum China Holdings (YUMC) reported revenue of $2.1 billion for Q2 FY2022, the quarter ended 30 June 2022, down 13.2% on the same quarter a year earlier.

How much did Yum China Holdings earn in Q2 FY2022?

Net income for Q2 FY2022 was $83 million, down 54.1% on the year, and diluted earnings per share $0.20.

When did Yum China Holdings report Q2 FY2022 results?

Yum China Holdings filed its 10-Q for the quarter ended 30 June 2022 with the SEC on 9 August 2022.

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2,5542,2912,6682,1282,6852,0882,9172,6542,9142,4932,9582,6793,0712,5952,9812,7873,2062,8233,2713,138
Operating income17863319181.031641.0416257323110374266371151399304400187447348
Operating margin7%28%7%4%12%2%14%10%11%4%13%10%12%6%13%11%12%7%14%11%
Pre-tax income15563516611532680.0437286365138420305436170428311413206452354
Tax rate28%25%33%27%30%30%29%25%27%24%27%25%27%28%28%26%28%27%27%26%
Net income10447510083.020653.028919724497.0287212297115292215282140309244
Net margin4%21%4%4%8%3%10%7%8%4%10%8%10%4%10%8%9%5%9%8%
Diluted EPS$0.24$1.09$0.23$0.20$0.49$0.13$0.68$0.47$0.58$0.23$0.71$0.55$0.77$0.30$0.77$0.58$0.76$0.40$0.87$0.70
Operating cash flow30157.017143872084.0507417410139442401409167452412477125550426
Capital expenditure179207205142162170179153167211189169165182137122126241144127
Free cash flow122-150-34.0296558-86.0328264243-72.0253232244-15.0315290351-116406299
Buybacksn/an/a22417611.055.060.062.0158333679190188192173195324452218312
Dividends paid51.051.051.050.051.050.054.054.054.054.064.062.061.061.090.090.088.085.0102101
Shares outstanding424m428m423m420m419m419m418m417m415m407m392m386m381m378m375m371m364m354m351m345m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2022, filed 9 August 2022: the filing.