Yum China enters the boutique coffee market COFFii & 喜悦 first appeared in Yum China Financial report
Recently, Yum has vigorously promoted the boutique coffee COFFii & 喜悦, and the boutique market is a new attempt of Yum China in the coffee market.
Yesterday, Oct. 31, KFC and Pizza Hut parent Yum China released three quarterly reports, showing that Yum's total revenue in China rose 4% year-on-year to $2.2 billion, while net income rose 15% year-on-year to $203 million.
In addition, it is worth noting that COFFii & 喜悦, a coffee brand owned by Yum China, also appeared in Yum China earnings report for the first time.
Yum China's third quarterly report showed that Yum's profit margin in China fell to 17.6%, compared with 18% in the same period last year, the report said. this is mainly due to the deleveraging of same-store sales of Pizza Hut and product upgrading and promotional investments of KFC and Pizza Hut. Yum China same-store sales rose 1% year-on-year, KFC up 1%, and Pizza Hut fell 5% year-on-year.
Including KFC, Yum China also owns Pizza Hut, Little Sheep, Oriental White and TacoBell and other brands. Yum China CFO said that by expanding into third-and fourth-tier cities, once consumers remember and recognize its taste, it can create a pre-emptive advantage, occupy consumers' minds and create barriers for later competitors.
Yum China has opened six COFFii & 喜悦 coffee shops in Shanghai, Nanjing and Hangzhou, and will also open COFFii & 喜悦 stores in Beijing next year, according to Yum's three Quarterly reports.
At present, COFFii & 喜悦 has opened three stores in Shanghai. According to the menu posted by netizens on the review website, COFFii & 喜悦 's products are mainly coffee, desserts and light foods.
China's coffee consumption market has a lot of room to rise. Yum China obviously wants a piece of the caf é when it opens this time. The financial report shows that in the past few months, six COFFii & 喜悦 coffee shops have made good progress, but they are still in the exploratory stage.
Important Notice :
前街咖啡 FrontStreet Coffee has moved to new addredd:
FrontStreet Coffee Address: 315,Donghua East Road,GuangZhou
Tel:020 38364473
- Prev
Follow-up report on Bilotti's bankruptcy news, Italian official statement
Mocha pot biletti bankruptcy news misplaced? Coffee Workshop continues to follow news about Bilotti Italy's bankruptcy [Mocha coffee pot Bilotti declares bankruptcy! A follow-up report on the centennial Italian brand Bialetti will become Italian history... Yesterday, October 30, news media China News Network issued an article titled "Italy's Berati Company Declares Bankruptcy
- Next
Pure Coffee Street Coffee in Colombia
Recently, I saw an episode of the travel program "Our Companion," the video saw the local Colombia national coffee, and deeply discovered the existence of coffee as a blood factor in people's lives here. Coffee for Colombia is a drink that can be very casual. In Colombia you can find street coffeeteria everywhere, very casual, can only stand to drink or have a few handfuls
Related
- Customers have "changed" Manner's new products! Shop assistant: Please don't mess around!
- Remove sockets in customer areas at Starbucks stores?! Netizen: I won't go if I really tear it down
- What is the difference between the taste steps of sun-dried coffee and washed coffee? Why is sun-cured coffee sweeter and washed coffee sour?
- The recipe for salty grapefruit dirty is revealed! Coffee Festival salty grapefruit dirty coffee making materials parameters ratio milk share!
- How about the flavor of Sunlight 74158 at Sidamo Banshaha Mathieu Processing Factory in Ethiopia? 74158 Share the proportion of coffee brewing parameters!
- What effect does Italian American coffee with filter paper have? Will coffee taste better if it is put on filter paper at the bottom of the powder bowl?
- What is the color difference in coffee beans? What are the characteristics of honey processed coffee beans? Why are the anaerobically treated coffee beans uneven in color?
- How does novice Xiaobai quickly get started and make coffee? Newbies learn to make coffee by hand and share the specific steps and process process!
- Costa tea has a shelf life of 100 years?! Expert: Unable to verify
- It's a huge uproar! American milk addition was rejected by Manner employees?!