Yum China sees FY26 capital expenditures $600M-$700M

Sees FY26 total stores over 20,000. Sees FY26 net new stores over 1,900. Wat concluded, “Looking ahead, we will fuel further growth through front-end segmentation and back-end consolidation. With our strong foundation, dual focus on innovation and operational efficiency, and a more rational delivery platform competition, we are confident in delivering our full-year targets and creating sustainable long-term value for our shareholders.”