Yum China Holdings, Inc. (YUMC) [Rocket]

In millions, except per share items	Jun-30-23	Dec-31-22	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21
	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q
Total revenues		9,569	9,772	9,641	9,964	9,853	9,821	9,615
Revenue growth		-2.9%	-0.5%	0.3%	9.9%	19.2%	22.3%	20.1%
Unit growth	5.8%	0.0%	19.1%	22.4%	24.1%	23.5%	12.7%	14.9%
Cost of goods sold		8,940	8,551	8,558	8,729	8,467	9,265	8,539
Gross profit		629	1,221	1,083	1,235	1,386	556	1,076
Gross margin		6.6%	12.5%	11.2%	12.4%	14.1%	5.7%	11.2%
Selling, general and administrative [+]		-2,047				-1,658
General and administrative			0	0	0		339	466
Other operating expenses		2,047				1,658
EBITDA [+]		1,126	1,773	1,613	1,736	1,851	1,407	1,770
EBITDA growth		-39.2%	26.0%	-8.9%	5.5%	33.9%	7.6%	69.5%
EBITDA margin		11.8%	18.1%	16.7%	17.4%	18.8%	14.3%	18.4%
Depreciation		398	432	454	440	420	463	420
EBITA		728	1,341	1,159	1,296	1,431	944	1,350
EBITA margin		7.6%	13.7%	12.0%	13.0%	14.5%	9.6%	14.0%
Amortization of intangibles		99	120	76	61	45	11	39
EBIT [+]		629	1,221	1,083	1,235	1,386	933	1,311
EBIT growth		-54.6%	30.9%	-17.4%	2.4%	44.2%	6.6%	111.8%
EBIT margin		6.6%	12.5%	11.2%	12.4%	14.1%	9.5%	13.6%
Other income (expense), net		58	21	-12	-22	6	20	81
Pre-tax income		687	1,242	1,071	1,213	1,392	981	1,431
Income taxes		207	342	289	322	369	273	384
Tax rate		30.1%	27.5%	27.0%	26.5%	26.5%	27.8%	26.8%
Net income		442	864	762	860	990	666	1,001
Net margin		4.6%	8.8%	7.9%	8.6%	10.0%	6.8%	10.4%

Basic EPS [+]		$1.05	$2.05	$1.80	$2.03	$2.35	$1.61	$2.47
Growth		-55.4%	27.0%	-27.2%	-15.9%	14.7%	-15.5%	83.9%
Diluted EPS [+]		$1.04	$2.02	$1.77	$1.98	$2.28	$1.56	$2.40
Growth		-54.4%	29.3%	-26.2%	-15.4%	14.5%	-15.7%	83.1%

Dividends per share [+]	$0.00	$0.48	$0.48	$0.48	$0.48	$0.48	$0.48	$0.36
Growth	-100.0%	0.0%	0.0%	33.3%	100.0%	100.0%	100.0%	0.0%

Shares outstanding (basic) [+]		422	422	423	423	421	413	405
Growth		0.2%	2.2%	4.5%	7.4%	10.1%	9.0%	7.4%
Shares outstanding (diluted) [+]		426	428	431	434	435	427	418
Growth		-2.0%	0.4%	3.1%	6.8%	10.3%	9.2%	7.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.