Yum China (09987) releases annual performance, total revenue up 4% year-over-year to $11.8 billion

LootboxPhobia · 2026-03-01T13:33:00+00:00

Yum China’s 2025 performance report shows that system sales increased by 4% year-over-year, with same-store sales up by 1%. Total revenue reached $11.8 billion, with 1,706 new stores opened. Operating profit grew by 11%, and diluted earnings per share increased to $2.51. Delivery sales grew by 25%, and the membership base reached 590 million. Shareholder returns amounted to $1.5 billion.

LootboxPhobia

2026-03-01 13:33:00

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Yum China (09987) announced its full-year results for the year ending December 31, 2025, with system-wide sales up 4% year-over-year, excluding currency exchange impacts. Same-store sales increased by 1% year-over-year. Total revenue rose 4% to $11.8 billion, also up 4% excluding currency effects. Net new store openings totaled 1,706, with franchise stores accounting for 31% of the net additions. As of December 31, 2025, the total number of stores reached 18,101. Operating profit increased 11% year-over-year to $1.3 billion. Core operating profit also grew 11%. Operating profit margin was 10.9%, up 60 basis points year-over-year.

Restaurant profit margin was 16.3%, up 60 basis points, mainly due to improvements in the proportion of food and packaging costs, property rent, and other operating expenses. Diluted earnings per share increased 8% year-over-year to $2.51, also up 8% excluding currency effects. After further excluding the impact of equity investments valued at market price, diluted EPS grew 14% year-over-year. Yum China returned $1.5 billion to shareholders in 2025, including $353 million in cash dividends and $1.14 billion in share repurchases.

Takeout sales increased 25% year-over-year. Takeout now accounts for approximately 48% of total restaurant revenue, up from 39% last year. KFC and Pizza Hut combined membership numbers exceeded 590 million, a 13% increase. Active members—those who have transacted at KFC or Pizza Hut in the past 12 months—surpassed 265 million, also up 13%.

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