Yum China today released a performance announcement showing total revenue of $9.85 billion in 2021, up 19% year-on-year, of which KFC

Yum China today released a performance announcement showing total revenue of $9.85 billion in 2021, up 19% year-on-year, with KFC up 8% and Pizza Hut up 14%; full-year restaurant margin of 13.7%, down from 14.9% last year, the decline includes: increased promotions, reduced subsidies for the epidemic, wage increases, although the decline in raw material costs offset part of the impact. In terms of the number of stores, a total of 1806 stores were opened throughout the year, with a net increase of 1282 and a total of 11788 stores, and it is expected that 1000-1200 new stores will continue to be added in 2022. (Lin Guangying) #百胜中国2021年营收98.5 billion US dollars and opened 1,806 new stores #