Core Insights - Yum China reported a 4% year-over-year increase in total revenue for Q2, reaching $2.8 billion, excluding foreign exchange impacts [1] - The company added 336 new stores in Q2, bringing the total store count to 16,978 by the end of June [1] - Operating profit grew by 14% year-over-year to $304 million, marking a historical high for Q2 [1] - The restaurant profit margin increased by 60 basis points to 16.1% [1] Group 1: KFC Performance - KFC added 295 new stores in Q2, with a total of 12,238 stores at the end of the quarter [2] - System sales for KFC increased by 5% year-over-year, while same-store sales grew by 1% [2] - Operating profit for KFC reached $292 million, up 11% year-over-year, achieving a new high for Q2 [2] - The restaurant profit margin for KFC was 16.9%, an increase of 70 basis points, driven by favorable raw material prices and operational efficiencies [2] Group 2: Pizza Hut Performance - Pizza Hut added 95 new stores in Q2, totaling 3,864 stores by the end of the quarter [3] - Same-store sales for Pizza Hut grew by 2%, while system sales increased by 3% year-over-year [3] - Operating profit for Pizza Hut rose by 16% year-over-year to $46 million, also a historical high for Q2 [3] - The restaurant profit margin for Pizza Hut was 13.3%, up 10 basis points, supported by favorable raw material prices and operational streamlining [3] Group 3: Strategic Initiatives and Future Outlook - The company aims to add 1,600 to 1,800 new stores in total for the year 2025 [3] - Yum China plans to return $3 billion to shareholders from 2025 to 2026, with an average annual return amounting to approximately 9% of the company's market value as of August 4, 2025 [3]

Core Insights - Yum China reported a 4% year-over-year increase in total revenue for Q2 2025, reaching $2.8 billion, with the same growth rate excluding foreign currency translation effects [1] - Operating profit grew by 14% year-over-year to $304 million, marking a new high for Q2, with an operating profit margin of 10.9%, up 100 basis points from the previous year [1] - The company achieved a 5% increase in diluted earnings per share, reaching $0.58, also a new high for Q2, with a 15% increase when excluding certain impacts [1] Revenue and Sales Performance - System sales increased by 4% year-over-year, with a contribution from 4% net new store openings and a 1% same-store sales growth [1] - Same-store transaction volume grew by 2%, marking the tenth consecutive quarter of growth [1] - Delivery sales surged by 22%, accounting for approximately 45% of restaurant revenue, with digital order revenue reaching $2.4 billion, representing 94% of restaurant revenue [2] Membership and Shareholder Returns - The combined membership for KFC and Pizza Hut reached approximately 560 million, a 13% increase from the previous year, with member sales accounting for 64% of system sales [2] - Yum China returned $274 million to shareholders in Q2, including $184 million in stock buybacks and $90 million in cash dividends [2] Strategic Initiatives and Market Expansion - The company continues to expand its target market, with KFC's coffee brand reaching over 1,300 locations and Pizza Hut successfully broadening its menu to attract new customer segments [3] - The company is enhancing its digital capabilities and optimizing store experiences while leveraging delivery platforms to capture additional customer traffic [3] - Yum China aims to create sustainable long-term value for shareholders through strong brand strength and clear strategic positioning [3]

Core Insights - Yum China reported a total revenue of $2.8 billion for Q2 2025, representing a year-on-year growth of 4% [1] - Operating profit reached $304 million, an increase of 14% year-on-year [1] - Net profit was $215 million, showing a 1% increase year-on-year [1] - Diluted earnings per share stood at $0.25 [1] Store Expansion and Performance - As of June 30, 2025, the total number of stores reached 16,978, with KFC having 12,238 stores and Pizza Hut 3,864 stores [1] - The company achieved positive same-store sales growth and expanded its store count to nearly 17,000 [1] Strategic Initiatives - The CEO highlighted a dual strategy of efficiency and innovation to provide high value and quality experiences to customers [1] - KFC's new product offerings, such as the Spicy Chicken Leg Burger, and Pizza Hut's upgraded handmade thin-crust pizza have driven customer engagement [1] - The company has expanded its K Coffee brand to over 1,300 locations, leveraging store space and membership base [1] Market Reach and Digitalization - Pizza Hut successfully reached previously untapped customer segments through a new menu that broadened its price range, resulting in double-digit growth in same-store transaction volume [1] - The company is enhancing its strategic moat through membership programs and a super app, optimizing store experiences and capitalizing on delivery platform traffic [1] - Continuous strengthening of end-to-end digital capabilities is aimed at streamlining operations and improving customer experience [1]

Core Insights - Yum China reported a total revenue of $2.8 billion for Q2 2025, representing a year-on-year growth of 4% [1] - Operating profit reached $304 million, an increase of 14% year-on-year, while net profit was $215 million, up 1% year-on-year [1] - The total number of stores reached 16,978, with KFC having 12,238 stores and Pizza Hut 3,864 stores [1] Financial Performance - Total revenue: $2.8 billion, up 4% year-on-year [1] - Operating profit: $304 million, up 14% year-on-year [1] - Net profit: $215 million, up 1% year-on-year [1] - Diluted earnings per share: $0.25 [1] Store Expansion - Total number of stores as of June 30, 2025: 16,978 [1] - KFC stores: 12,238 [1] - Pizza Hut stores: 3,864 [1] Strategic Initiatives - CEO expressed satisfaction with the robust performance, highlighting positive same-store sales growth and expansion to nearly 17,000 stores [1] - KFC's "KFC Coffee" has been expanded to over 1,300 locations, leveraging store space and membership base [1] - Pizza Hut introduced a new menu to reach previously untapped customer segments, resulting in double-digit growth in same-store transaction volume [1] - The company is enhancing its digital capabilities and optimizing store experiences through membership programs and a super app [1]