KFC China Delivery Sales Reach 55 Percent of Revenue
KFC China delivery sales grew 33% to reach 55% of total revenue. Operating profit rose 12% to $447 million despite margin pressure from delivery subsidies.
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YUM CHINA HOLDINGS INC reported a 33% surge in KFC delivery sales on Wednesday as the channel reached 55% of total revenue. Total operating profit rose 12% to $447M despite flat same-store sales across its China portfolio. Investors are weighing the platform's delivery-led growth against a 190-basis-point margin headwind caused by rising driver costs and platform subsidies.
