Core Insights - Yum China reported a 4% year-over-year increase in total revenue for Q2 2025, reaching $2.8 billion, with the same growth rate excluding foreign currency translation effects [1] - Operating profit grew by 14% year-over-year to $304 million, marking a new high for Q2, with an operating profit margin of 10.9%, up 100 basis points from the previous year [1] - The company achieved a 5% increase in diluted earnings per share, reaching $0.58, also a new high for Q2, with a 15% increase when excluding certain impacts [1] Revenue and Sales Performance - System sales increased by 4% year-over-year, with a contribution from 4% net new store openings and a 1% same-store sales growth [1] - Same-store transaction volume grew by 2%, marking the tenth consecutive quarter of growth [1] - Delivery sales surged by 22%, accounting for approximately 45% of restaurant revenue, with digital order revenue reaching $2.4 billion, representing 94% of restaurant revenue [2] Membership and Shareholder Returns - The combined membership for KFC and Pizza Hut reached approximately 560 million, a 13% increase from the previous year, with member sales accounting for 64% of system sales [2] - Yum China returned $274 million to shareholders in Q2, including $184 million in stock buybacks and $90 million in cash dividends [2] Strategic Initiatives and Market Expansion - The company continues to expand its target market, with KFC's coffee brand reaching over 1,300 locations and Pizza Hut successfully broadening its menu to attract new customer segments [3] - The company is enhancing its digital capabilities and optimizing store experiences while leveraging delivery platforms to capture additional customer traffic [3] - Yum China aims to create sustainable long-term value for shareholders through strong brand strength and clear strategic positioning [3]
百胜中国(09987.HK)第二季度经营利润增长14%至3.04亿美元 经营利润率创下第二季度新高