Core Viewpoint - Yum China (09987) reported a total revenue of $5.768 billion for the six months ending June 30, 2025, representing a year-on-year increase of 2.32% [1] - The net profit for the same period was $507 million, reflecting a year-on-year increase of 1.6% [1] - Diluted earnings per share for ordinary shares stood at $1.35 [1] Financial Performance - Operating profit grew by 10% or 11% (excluding foreign currency translation effects), driven by increased total revenue, favorable raw material prices, and operational efficiency improvements [1] - The increase in operating profit was partially offset by rising delivery costs due to a higher proportion of affordable products and increased sales from delivery services, as well as low single-digit wage increases [1] Store Expansion and Capital Expenditure - For the fiscal year 2025, the company expects to add approximately 1,600 to 1,800 new stores, with capital expenditures estimated between $600 million to $700 million, a reduction from the initial target of $700 million to $800 million due to optimized single-store investment costs [1] - The company anticipates that the proportion of franchise stores among the net new stores for KFC and Pizza Hut will reach 40-50% and 20-30%, respectively, ahead of previous targets [1] Shareholder Returns - Following a $1.5 billion return to shareholders in 2024, the company plans to return $3 billion to shareholders between 2025 and 2026 [1] - The expected total shareholder return for 2025 is at least $1.2 billion [1]
百胜中国发布中期业绩，净利润5.07亿美元 同比增加1.6%