Core Viewpoint - Yum China Holdings, Inc. reported its financial results for the six months ending June 30, 2025, showing positive growth despite a significant drop in stock price following the announcement [2][3]. Financial Performance - For the first half of 2025, Yum China's revenue was $5.768 billion, a 2% increase compared to the same period last year [7][9]. - In Q2 2025, revenue reached $2.787 billion, up 4% from $2.679 billion in Q2 2024 [9]. - The net profit attributable to Yum China for Q2 2025 was $215 million, slightly up from $212 million in Q2 2024 [9][12]. Store Expansion Plans - Yum China aims to add approximately 1,600 to 1,800 new stores by 2025, with a target of 40%-50% of new KFC stores and 20%-30% of new Pizza Hut stores being franchised [3][10]. - As of June 30, 2025, the total number of stores reached 16,978, including 12,238 KFC and 3,864 Pizza Hut locations [10][11]. Cost Management - The company plans to reduce capital expenditures for 2025 to between $600 million and $700 million, down from the previous target of $700 million to $800 million, due to lower investment costs per store [3][9]. Leadership Changes - Yum China appointed Weizhe Wei, founder and partner of GGV Capital, as a new board member [4][6]. Segment Performance - KFC's revenue for the first half of 2025 was $4.342 billion, a 2% increase year-over-year, with Q2 revenue at $2.096 billion, up 4% [11][12]. - Pizza Hut's revenue for the first half of 2025 was $1.149 billion, a 1% increase year-over-year, with Q2 revenue at $554 million, up 3% [14][16].
百胜中国股价跌6%：任命卫哲为董事 CEO称不会花钱买销售额