Core Insights - Yum China Holdings, Inc. reported a significant increase in operating profit by 25% year-over-year for Q4 2025, with same-store sales growing for the third consecutive quarter [1][3] - The company achieved an annual operating profit of $1.3 billion, reflecting a robust 11% year-over-year growth, and opened 1,706 new stores, expanding its network to 18,101 locations across over 2,500 cities in China [1][3] Group 1: Financial Performance - In Q4 2025, Yum China's operating profit rose by 25% year-over-year, marking a strong finish for the year [1][3] - The total operating profit for 2025 reached $1.3 billion, which is an 11% increase compared to the previous year [1][3] - The company opened 1,706 new stores in 2025, increasing its total store count to 18,101 [1][3] Group 2: Strategic Initiatives - CEO Joey Wat emphasized the goal of exceeding 20,000 stores by 2026 and over 30,000 by 2030, focusing on low-tier cities and market expansion [1][4] - The company is implementing the RGM 3.0 strategy, which focuses on innovation and efficiency [1][4] - The "Gemini" model, which pairs KFC and Pizza Hut locations, was piloted to support entry into low-tier cities, with approximately 40 pairs opened in 2025 [2][6] Group 3: Brand Performance - KFC continued its strong growth in 2025, with a focus on popular menu items driving sales and repeat purchases [4][5] - The expansion of KFC's coffee business, from about 700 to 2,200 locations, has made it one of the fastest-growing segments [4][5] - Pizza Hut's system sales increased by 6% year-over-year in Q4 2025, with same-store transaction volume rising by 13%, marking twelve consecutive quarters of growth [5]
百胜中国发布全年业绩：经营利润增长11% 2025年突破18000店 2026年迈向20000店