Yum China (NYSE:YUMC) Q4 2025 Earnings call February 04, 2026 07:00 AM ET Speaker2Good day, and thank you for standing by. Welcome to Yum China's fourth quarter and fiscal year 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising your hand is raised. To w ...

Core Insights - Yum China Holdings, Inc. reported a significant increase in operating profit by 25% year-on-year for Q4 2025, with same-store sales growing for the third consecutive quarter [1] - The company achieved an annual operating profit of $1.3 billion, reflecting a robust 11% year-on-year growth, and expanded its store network to 18,101 locations across over 2,500 cities in China [1] - CEO Joey Wat emphasized the company's commitment to a combination of self-operated and franchised stores, aiming to exceed 20,000 stores by 2026 and over 30,000 by 2030, while focusing on innovation and efficiency through the RGM3.0 strategy [1] Financial Performance - In Q4 2025, KFC continued its strong growth, driven by popular core products and innovative offerings, contributing to overall sales and repeat purchases [2] - Pizza Hut's system sales increased by 6% year-on-year in Q4 2025, with same-store transaction volume rising by 13%, marking twelve consecutive quarters of growth and over 50% increase in operating profit [4] Expansion Strategies - KFC's coffee brand, KFC Coffee, expanded from approximately 700 to 2,200 locations in 2025, becoming one of the fastest-growing segments [4] - Pizza Hut's "WOW" model facilitated rapid expansion into lower-tier cities, focusing on a simplified menu and lower operational costs [6] - The company plans to accelerate franchise expansion, with the proportion of franchise stores increasing from 25% in 2024 to 36% in 2025, while self-operated stores remain the core of the business [8] Innovation and Technology - The integration of generative AI, such as the Q-Rui system, is enhancing operational efficiency by analyzing data and providing actionable insights [9] - The KFC Super App's smart ordering assistant, "Xiao K," has been adopted by 2 million members, improving customer experience with personalized recommendations [9] Product Development - In 2025, the company launched approximately 600 new or upgraded products, showcasing its commitment to long-term innovation [1] - New product offerings for the Spring Festival include KFC's "Spring Festival Bucket" and Pizza Hut's "Fortune Lava Mountain Pizza," designed to enhance festive dining experiences [11] Future Outlook - The CFO expressed confidence in surpassing 20,000 stores by 2026, with a focus on low-tier cities and strategic locations, while maintaining a cautious optimism for Q1 2026 performance [13]

Core Insights - Yum China Holdings, Inc. reported a significant increase in operating profit by 25% year-over-year for Q4 2025, with same-store sales growing for the third consecutive quarter [1][3] - The company achieved an annual operating profit of $1.3 billion, reflecting a robust 11% year-over-year growth, and opened 1,706 new stores, expanding its network to 18,101 locations across over 2,500 cities in China [1][3] Group 1: Financial Performance - In Q4 2025, Yum China's operating profit rose by 25% year-over-year, marking a strong finish for the year [1][3] - The total operating profit for 2025 reached $1.3 billion, which is an 11% increase compared to the previous year [1][3] - The company opened 1,706 new stores in 2025, increasing its total store count to 18,101 [1][3] Group 2: Strategic Initiatives - CEO Joey Wat emphasized the goal of exceeding 20,000 stores by 2026 and over 30,000 by 2030, focusing on low-tier cities and market expansion [1][4] - The company is implementing the RGM 3.0 strategy, which focuses on innovation and efficiency [1][4] - The "Gemini" model, which pairs KFC and Pizza Hut locations, was piloted to support entry into low-tier cities, with approximately 40 pairs opened in 2025 [2][6] Group 3: Brand Performance - KFC continued its strong growth in 2025, with a focus on popular menu items driving sales and repeat purchases [4][5] - The expansion of KFC's coffee business, from about 700 to 2,200 locations, has made it one of the fastest-growing segments [4][5] - Pizza Hut's system sales increased by 6% year-over-year in Q4 2025, with same-store transaction volume rising by 13%, marking twelve consecutive quarters of growth [5]

金吾财讯 | 百胜中国(YUMC)盘前股价拉升，暂报53.53美元，升幅5.5%。 公司第四季度营收28.2亿美元，同比增长8.8%，预估27.2亿美元；调整后每股收益0.40美元，上年同期 0.30美元，预估0.35美元。肯德基餐厅数目12997，同比增长12%，预估13072。必胜客餐厅数目4168， 同比增长12%，预估4165。 金吾财讯 | 百胜中国(YUMC)盘前股价拉升，暂报53.53美元，升幅5.5%。 公司第四季度营收28.2亿美元，同比增长8.8%，预估27.2亿美元；调整后每股收益0.40美元，上年同期 0.30美元，预估0.35美元。肯德基餐厅数目12997，同比增长12%，预估13072。必胜客餐厅数目4168， 同比增长12%，预估4165。 ...

Fourth Quarter and Fiscal Year 2025 Results February 4, 2026 NYSE: YUMC and HKEX: 9987 Cautionary Statement This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements relating to our projected capital returns. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statem ...

Core Insights - Yum China reported a 7% year-over-year increase in system sales for Q4 2025, excluding foreign currency effects [1] - Same-store sales grew by 3% year-over-year, marking the third consecutive quarter of growth [1] - Total revenue increased by 9% year-over-year to $2.8 billion, with operating profit rising by 25% to $187 million [1] Financial Performance - For Q4 2025, same-store transaction volume increased by 4%, achieving growth for the twelfth consecutive quarter [1] - The company’s diluted earnings per share rose by 33% year-over-year to $0.40 [1] - For the full year 2025, total revenue reached $11.8 billion, with a net profit of $929 million, reflecting a 2% year-over-year increase [1] Strategic Outlook - The CEO highlighted the successful performance in Q4 2025, emphasizing the growth in same-store sales and transaction volume [2] - The company aims to exceed 20,000 stores by 2026, with a net addition of over 1,900 stores, and plans to increase capital expenditures to between $600 million and $700 million [2] - Yum China has been recognized as a "Top Employer" in China for eight consecutive years, showcasing its commitment to creating an excellent workplace environment [3]

Core Insights - Yum China reported a 7% year-over-year increase in system sales for Q4 2025, excluding foreign currency effects, with same-store sales up 3% for the third consecutive quarter [1] - The company achieved a total revenue growth of 9% to $2.8 billion in Q4 2025, with operating profit increasing by 25% to $187 million [1] - For the full year 2025, system sales grew by 4%, with total revenue reaching $11.8 billion, also reflecting a 4% increase when excluding foreign currency effects [1] Financial Performance - Q4 2025 same-store transaction volume increased by 4%, marking the twelfth consecutive quarter of growth [1] - The diluted earnings per share for Q4 2025 rose by 33% to $0.40 [1] - For the full year 2025, net profit was $929 million, a 2% increase year-over-year, with diluted earnings per share growing by 8% to $2.51 [1] Strategic Initiatives - The CEO highlighted the successful expansion of KFC through new consumption scenarios and the enhancement of Pizza Hut's value proposition, particularly in lower-tier cities [2] - The company aims to exceed 20,000 stores by 2026, with a net addition of over 1,900 stores, and plans to return $1.5 billion to shareholders [2] - Yum China is committed to its RGM 3.0 strategy, focusing on innovation and efficiency to drive growth [2] Employee Recognition - Yum China has been recognized as a "Top Employer in China" for eight consecutive years and ranked first in the restaurant industry for five years, reflecting its commitment to creating an excellent workplace environment [3]

2026年业绩展望公司目标：门店总数超20,000家,即净新增门店超1,900家。肯德基和必胜客净新增门店 中加盟店的占比均达到40%-50%。资本支出约在6亿至7亿美元之间。向股东回馈15亿美元。 格隆汇2月4日丨百胜中国(09987.HK)发布2025年第四季度及全年财务业绩公告。第四季度同店销售额增 长3%，系统销售额增长7%，经营利润同比增长25%至1.87亿美元。核心经营利润同比增长23%。每股 摊薄盈利增长8%，或增长14%，不计及按市值计价和外币换算的影响股息增加21%。 2025年全年业绩亮点，系统销售额同比增长4%，总收入同比增长4%至118亿美元，经营利润同比增长 11%至13亿美元。核心经营利润同样增长11%。经营利润率为10.9%，同比增长60个基点。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 百勝中國發佈 2025 年第四季度財務業績報告 ( 於美利堅合眾國特拉華州註冊成立的有限公司 ) （股份代號：9987） 2025年第四季度及全年財務業績公告 百勝中國控股有限公司（「本公司」）謹此發佈截至2025年12月31日止第四季度及全年的 的未經審核業績公告（「2025年第四季度及全年業績公告」）。本2025年第四季度及全年 業績公告可於香港聯交所網站www.hkexnews.hk及本公司網站http://ir.yumchina.com閱覽。 承董事會命 百勝中國控股有限公司 屈翠容 董事及首席執行官 Yum China Holdings, Inc. 百 勝 中 國 控 股 有 限 公 司 香港，2026年2月4日 於本公告日期，本公司董事會包括董事會主席及獨立董事胡祖六博士、執行董事屈翠容女士、非執行董事 Robert B. AIKEN 先生以及獨立董事 Mikel A. DU ...

Yum China Reports Fourth Quarter 2025 Results Fourth Quarter Same‑Store Sales Increased 3%, System Sales Grew 7% and Operating Profit Up 25% Full Year Operating Profit Rose 11%; Diluted EPS Up 8%, or 14% Excluding Mark-to-Market and F/X Impact Increase Dividend by 21% and On Track to Return $1.5 billion to Shareholders in 2026 Shanghai, China (February 4, 2026) – Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) today reported unaudited results for the fourth quarter and ye ...