Financial Performance - System sales grew by 4% YoY in Q2, excluding F/X impact[5] - Same-store sales increased by 1% YoY in Q2[5] - Operating Profit reached $304 million in Q2, a 14% increase YoY[5] - Diluted EPS grew to $0.58, a 5% increase YoY, or 15% excluding mark-to-market impact & F/X[5] - Digital sales exceeded $5 billion in 1H 2025[15] Store Expansion and Franchising - The company added 336 net new stores in Q2 and 583 in 1H[7] - Net new unit contribution to system sales was 4% in Q2[7] - KFC has 12,238 total stores, with 14% franchised[10] - Pizza Hut has 3,864 total stores, with 6% franchised[10] Brand Performance - KFC system sales grew by 5% YoY, with a 1% increase in same-store sales in Q2[20] - KFC's operating profit margin was 14%, a 90 bps increase YoY[20] - Pizza Hut system sales grew by 3% YoY, with a 2% increase in same-store sales in Q2[27] - Pizza Hut's operating profit grew by 16% YoY, with an operating profit margin of 83%, a 90 bps increase YoY[27] Capital Returns - The company targets $3 billion in capital returns for 2025-26 and $45 billion for 2024-26[37] - Net cash by the end of June 2025 was $28 billion[37]

Q1 2025 Performance Highlights - System sales grew by 2% YoY[6], while same-store sales indexed at 100% of the 2024 level, marking the first time since Q1 2024[6] - Operating Profit increased by 7% YoY, and Core Operating Profit grew by 8% YoY[6] - Restaurant margin was 18.6%, an increase of 100 bps YoY[6] - Diluted EPS increased by 12% YoY, excluding F/X and mark-to-market impact[6] - Same-store transaction growth achieved its 9th consecutive quarter, with a 6% YoY increase[6] Expansion and Store Growth - The company opened 247 net new stores in Q1, bringing the total store count to 16,642[8] - The company is targeting to open 1,600-1,800 net new stores in 2025 and reach 20,000 stores by 2026[8] - KFC has 11,943 total stores with 13% being franchise stores, while Pizza Hut has 3,769 total stores with 6% being franchise stores[10] Digital and Delivery - Digital sales reached $2.6 billion in Q1[15] - Digital orders accounted for 66% of sales[16] - Delivery sales grew 13% YoY in Q1[13] - Delivery sales mix is around 29% of company sales[13] Brand Performance - KFC system sales grew by 3% YoY, with 295 net new stores and 11,943 total stores[20] - KFC operating profit was $386 million, a 4% YoY increase, with an operating profit margin of 17.2%[20] - Pizza Hut system sales grew by 2% YoY, with 45 net new stores and 3,769 total stores[28] - Pizza Hut operating profit was $60 million, a 27% YoY increase, with an operating profit margin of 10.1%[28] Capital Returns - The company has returned $4.7 billion to shareholders since spin-off[46] - The company is targeting $4.5 billion in capital returns in 2024-2026[47] - The company's net cash position was $2.8 billion by the end of March 2025[47]