Core Insights - Yum China announced at its 2025 Investor Day that Pizza Hut China is expected to exceed 6,000 stores by 2028 [1] - Pizza Hut China aims to double its operating profit by 2029 compared to 2024 [1]

智通财经获悉，11月17日，百胜中国(09987,YUMC.US)在2025年投资者日上宣布，公司预计2026年至 2028年系统销售额实现中至高单位数年均复合增长（以2025年为基准年），经营利润实现高单位数的年 均复合增长，每股盈利和每股自由现金流实现双位数年均复合增长。自2027年起，公司计划将约100% 自由现金流，扣除支付给子公司少数股东的股息后回馈股东。股东回报预计在2028年突破10亿美元。肯 德基将力争在2028年实现经营利润过百亿元人民币，必胜客有望在 2029年实现经营利润较2024年翻 倍。公司朝着2026年达到2万家门店的目标稳步推进，并加速扩张，力争2030年突破3万家。 ...

每经AI快讯，11月17日，百胜中国披露投资者日亮点，其中提到，计划到2030年开设超过3万家门店， 有望到2026年实现门店数量2万家的目标。力争肯德基2028年营业利润超过100亿元人民币。 ...

Core Insights - Yum China aims to accelerate store expansion, targeting 20,000 stores by 2026 and over 30,000 by 2030, while maintaining high-single-digit operating profit growth and double-digit growth in diluted EPS and free cash flow per share [1][2][12] Strategic Initiatives - The company is implementing the RGM ("Resilience, Growth and Moat") strategy, focusing on innovation and operational efficiency to enhance customer offerings and consolidate resources across stores and regions [2][4] - Yum China plans to return approximately 100% of free cash flow after dividend payments to shareholders starting in 2027, with an expected annual return of $900 million to over $1 billion in 2027 and 2028 [12] KFC Performance - KFC is projected to surpass RMB 10 billion in operating profit by 2028, with plans to increase store count by one-third to over 17,000 and achieve mid- to high-single-digit CAGR in system sales from 2026 to 2028 [3][11] - The brand is focusing on new customer segments and enhancing customer engagement through membership programs and digital ecosystems [4][10] Pizza Hut Growth - Pizza Hut aims to double its operating profit by 2029 compared to 2024, with plans to add over 600 net new stores annually, reaching more than 6,000 stores by 2028 [5][6] - The brand is innovating its menu and operations to enhance efficiency and customer experience, targeting growth in new categories like burgers and one-person meals [6][11] Lavazza Expansion - Lavazza is targeting 1,000 coffee shops and $60 million in retail sales by 2029, leveraging its Italian heritage and local innovation to capture growth in China's coffee market [7][11] Digitalization and Supply Chain - Yum China has integrated AI into its operations since 2019, enhancing customer experience and operational efficiency, with plans to embrace agentic AI for proactive decision-making [8][9] - The company is developing integrated supply chain parks to enhance synergies and operational efficiency, with a focus on food safety [9][11] Financial Targets - For 2025, Yum China targets an operating profit margin of 10.8%-10.9% and a restaurant margin of around 16.2%-16.3%, with free cash flow per share projected at $2.2 to $2.3 [11][14] - Growth targets from 2026 to 2028 include a mid- to high-single-digit CAGR for system sales and double-digit CAGR for diluted EPS and free cash flow per share [11][14]

香港交易及結算所有限公司及香港聯合交易所有限公司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。 Yum China Holdings, Inc. 百 勝 中 國 控 股 有 限 公 司 （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） 投資者日亮點 百勝中國控股有限公司（「本公司」）於2025年11月17日舉辦2025年投資者日活動。隨附請見關 於2025年投資者日亮點的新聞稿。 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 香港，2025 年 11 月 17 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. DURHAM 女士、 Edouard ETTEDGUI 先生、葛新女士、 David HOFFMANN 先生、盧蓉女士、邵 子力先生、汪洋先生、衛哲先生、張敏女士及朱曉靜女士。 百勝中國 2025 年投資者日：啟動「RGM 3.0」戰略，確立未來三 ...

Core Viewpoint - Yum China (09987) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1: Share Buyback Details - On November 14, 2025, the company plans to spend $3.2 million to repurchase 69,100 shares at a price range of $46.01 to $46.54 per share [1] - Additionally, on the same date, the company will invest HK$6.2711 million to buy back 17,350 shares at a price range of HK$357.4 to HK$362.6 per share [1]

于2025年11月14日该公司斥资627.11万港元回购1.735万股，回购价格为每股357.4-362.6港元。 智通财经APP讯，百胜中国(09987)发布公告，于2025年11月14日该公司斥资320万美元回购6.91万股， 回购价格为每股46.01-46.54美元。 ...

于2025年11月14日该公司斥资627.11万港元回购1.735万股，回购价格为每股357.4-362.6港元。 百胜中国(09987)发布公告，于2025年11月14日该公司斥资320万美元回购6.91万股，回购价格为每股 46.01-46.54美元。 ...

Group 1 - Company announced a share buyback on November 14, 2025, costing HKD 6.2711 million [1] - A total of 17,400 shares were repurchased at a price range of HKD 357.4 to HKD 362.6 per share [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 百勝中國控股有限公司("本公司") 呈交日期： 2025年11月16日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | | 證券代號 (如上市) | | 09987 | 說明 | | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 事件 | | 已發行股份（不包括庫存股份）變 ...