Core Viewpoint - Yum China (09987) reported a total revenue of $11.797 billion for the fiscal year 2025, reflecting a year-on-year increase of 4% [1] - The company achieved a net profit of $929 million, up 2% from the previous year, with earnings per share (EPS) of $2.52 [1] Financial Performance - For Q4, total revenue reached $2.823 billion, representing a 9% year-on-year increase [1] - Net profit for Q4 was $140 million, a significant growth of 22%, with EPS of $0.40 [1] - Operating profit increased by 25% to $187 million during the same quarter [1] - Same-store sales grew by 3%, marking the third consecutive quarter of growth [1] Expansion Plans - In 2025, the company opened 1,706 new stores, expanding its network to 18,101 locations across over 2,500 towns in China [1] - For 2026, the company aims to exceed 20,000 total stores, with a net addition of over 1,900 stores [1] - The proportion of franchise stores among new openings for KFC and Pizza Hut reached 40%-50% [1] Capital Expenditure and Shareholder Returns - Capital expenditure is projected to be between $600 million and $700 million [1] - The company plans to return $1.5 billion to shareholders [1]
百胜中国高开逾6% 去年四季度同店销售额增长3% 经营利润增长25%