China restaurant revenue up 17% in 2012 led by Yum! Brands

 
June 5, 2013

A new report from the China Cuisine Association shows that revenue from the largest restaurant chains in that country was up 16.5 percent in 2012. Yum! Brands Inc. is the largest restaurant operator in China, with revenue up 24 percent in 2012, to almost $6.9 billion. This amount, according to the report, represents more than 50 percent of the company's total revenue.

The top 100 restaurant operators generated ¥185.06 billion (about $30.2 billion) in revenues in 2012. This was a 16.5 percent jump from 2011.

The growth was 3.2 percent faster than the industry average, however the growth rate is slowing and was 11.5 percentage points slower than the top 100 pace from 2011.

Additionally, the top 100's net profit margin fell to a multiyear low of 7.73 percent, down 3.8 percent from 2011.

McDonald's was not on the list because it did not provide data.

The report states that conditions are expected to be more difficult this year, with rental and labor costs up.

Read more about restaurant trends.


Topics: Operations Management , Pizza Hut , Trends / Statistics


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