Yum China sees FY25 capital expenditures $700M-$800M

Sees FY25 net new stores 1,600-1,800 net new stores. The company said, “The Company plans to return $3 billion to shareholders in 2025 through 2026, adding to the $1.5 billion it delivered to shareholders in 2024. The Company anticipates the franchise mix of net new stores will gradually increase to 40-50% for KFC and 20-30% for Pizza Hut over the next few years.”