Yum China demonstrated strong financial performance with record highs in revenue and operating profits, successful expansion of key brands, and innovative product launches driving growth. However, challenges such as increased rider costs and pressure on ticket averages posed some headwinds. Despite these challenges, the positive aspects and strategic initiatives outweigh the negatives, indicating a strong position in the market.

Company Guidance -

Q4 2025

During Yum China's second quarter of 2025 earnings call, the company reported record highs in revenue, operating profit, and operating profit margin. Same-store sales growth turned positive at 1%, with same-store transactions increasing for the tenth consecutive quarter. System sales grew by 4%, meeting the mid-single-digit growth target for the year. The company opened 336 net new stores, reaching over 12,000 KFC locations and 3,800 Pizza Hut outlets across China. KFC achieved a 5% system sales growth, while Pizza Hut saw a 2% increase in same-store sales. Restaurant margins improved by 60 basis points, and operating profit rose 14% to USD 304 million. KFC's restaurant margin expanded by 70 basis points, and its operating profit grew 10% year-over-year to USD 292 million. Pizza Hut's restaurant margin increased slightly to 13.3%, with a 15% year-over-year growth in operating profit. Delivery sales accounted for 45% of the total sales mix, up from 38% the previous year. The company plans to return $1.2 billion to shareholders in 2025, with a commitment to return $3 billion from 2025 through 2026.

Record Financial Performance

Achieved record highs in revenue, operating profit, and operating profit margin in Q2 2025. Operating profit grew 14% to USD 304 million.

Strong System Growth

Same-store sales growth turned positive at 1%, and system sales growth reached 4%, showing a sequential improvement of 2 percentage points.

KFC and Pizza Hut Expansion

KFC achieved 5% system sales growth, expanded to over 12,000 stores, and entered 300 new cities. Pizza Hut achieved 2% same-store sales growth and added 95 net new openings.

Innovative Product Launches

Introduced new products like Crazy Spicy Zinger and thin crust pizza, resulting in increased sales and customer excitement.

Delivery Sales Growth

Delivery sales accounted for 45% of the total sales mix, up from 38% the previous year.

Capital Returns to Shareholders

Returned a total of $536 million to shareholders in the first half of the year, with plans to return at least $1.2 billion in 2025.

Yum China Holdings (YUMC) Earnings, Revenues Date & History

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YUMC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 10, 2026	2025 (Q4)	- / -	0.3	―	―	―
Aug 05, 2025	2025 (Q2)	0.57 / 0.58	0.55	5.45% (+0.03)
Apr 30, 2025	2025 (Q1)	0.79 / 0.77	0.71	8.45% (+0.06)
Feb 06, 2025	2024 (Q4)	0.29 / 0.30	0.25	20.00% (+0.05)
Nov 04, 2024	2024 (Q3)	0.66 / 0.77	0.59	30.51% (+0.18)
Aug 05, 2024	2024 (Q2)	0.47 / 0.55	0.472	16.53% (+0.08)
Apr 29, 2024	2024 (Q1)	0.65 / 0.71	0.687	3.35% (+0.02)
Feb 06, 2024	2023 (Q4)	0.16 / 0.25	0.12	108.33% (+0.13)
Oct 31, 2023	2023 (Q3)	0.65 / 0.59	0.49	20.41% (+0.10)
Jul 31, 2023	2023 (Q2)	0.46 / 0.47	0.202	133.66% (+0.27)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

YUMC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$46.48	$43.64	-6.11%
Apr 30, 2025	$46.42	$43.07	-7.22%
Feb 06, 2025	$45.05	$49.14	+9.08%
Nov 04, 2024	$44.46	$47.64	+7.15%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.