Xin Lang Cai Jing·2025-11-17 07:33Group 1 - The core strategy of Pizza Hut in China includes expanding its presence to approximately 1,500 cities where KFC operates but Pizza Hut does not, with plans to add over 600 new stores annually for the next three years, aiming to exceed 6,000 stores by 2028 [1] - The company plans to return approximately 100% of its free cash flow to shareholders starting in 2027, with shareholder returns expected to surpass $1 billion by 2028 [1] - KFC aims to achieve operating profits exceeding 10 billion RMB by 2028, while Pizza Hut is projected to double its operating profit by 2029 compared to 2024 [1] Group 2 - Yum! Brands has initiated a strategic evaluation of Pizza Hut, which has garnered significant market attention [2] - The CFO of Yum! China expressed confidence in Pizza Hut's brand strength in China, despite the ongoing strategic evaluation by Yum! Brands [2] - In Q3 2025, Yum! China reported total revenue of $3.2 billion, a 4% year-over-year increase, with system sales and operating profit also growing by 4% and 8% respectively [2] Group 3 - In Q3 2025, Yum! China achieved a record net addition of 536 stores, with a franchise store ratio of 32%, bringing the total number of stores to 17,514, including 12,640 KFC and 4,022 Pizza Hut locations [3]