Yum Brands: System Sales and Chinese Market

yum brands: In another sector Pizza Hut division, China ranked the second with its share of the yearly system sales at 17 percent, according to the company's fourth quarter and full year of 2018 earnings report, according to Global Times China. In 2018, Yum! Brands diverse portfolio of iconic brands generated over 49 billion US dollars in system sales and ended the year with over 48,000 restaurants across the world. Among the company's three backbone business sectors, KFC markets saw China ranked the first with the largest share of KFC global system sales in 2018, reaching 27 percent, 10 percent higher than the second winner, the United States. We're really encouraged by the fact that we're seeing widespread development. Such strong growth of the Chinese market was led by accelerated new store openings of KFC and Pizza Hut, as well as a robust performance at KFC, according to Joey Wat, CEO of Yum China. If you look at the years past, a lot of our successful years in development, none of them reached the level we reached this year 2018 . We're driven by China, said Greg Creed, CEO of Yum! Brands in a conference call to investors on Thursday. (news.financializer.com). As reported in the news.