Business
Yum China Reports First Quarter 2026 Results
Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) today reported unaudited results for the first quarter ended March 31, 2026.
About this update from Yum China Holdings, Inc.
[{"type":"text","content":"Delivered 10% Revenue Growth and 12% Operating Profit Growth with Record Quarterly Net New Store OpeningsOP Margin Expanded Year Over Year for the Eighth Consecutive QuarterDiluted EPS Up 13%, or 11% Excluding Mark-to-Market and F/X ImpactOn Track to Return $1.5 Billion to Shareholders in 2026, Around 9% of Current Market Capitalization","length":341,"tagName":"p","attribs":{}},{"type":"text","content":"SHANGHAI, April 29, 2026 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) today reported unaudited results for the first quarter ended March 31, 2026.","length":221,"tagName":"p"},{"type":"text","content":"First Quarter Highlights","length":24,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total system sales grew 4% year over year ("YoY"), excluding foreign currency translation ("F/X").","length":118,"tagName":"p"}]},{"val":[{"type":"text","content":"Same-store sales reached 100% of the prior year's level. Same-store transactions grew 2% YoY, the 13th consecutive quarter of growth.","length":137,"tagName":"p"}]},{"val":[{"type":"text","content":"Total revenues increased 10% YoY to $3.3 billion, or a 4% increase excluding F/X.","length":81,"tagName":"p"}]},{"val":[{"type":"text","content":"Opened 636 net new stores, an all-time quarterly high and more than double the openings in the same quarter last year, with 39% opened by franchisees. Total store count reached 18,737 as of March 31, 2026.","length":205,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating profit grew 12% YoY to $447 million, a first-quarter record high. Core operating profit grew 6% YoY.","length":110,"tagName":"p"}]},{"val":[{"type":"text","content":"OP margin was 13.7%, an increase of 30 basis points YoY, the 8th consecutive quarter of OP margin expansion.","length":108,"tagName":"p"}]},{"val":[{"type":"text","content":"Restaurant margin was 18.2%, a decrease of 40 basis points YoY, primarily due to increased rider cost from a higher delivery mix, partially offset by streamlined operations.","length":173,"tagName":"p"}]},{"val":[{"type":"text","content":"Diluted EPS increased 13% YoY to $0.87, or up 7% excluding F/X, and up 11% further excluding the impact1 of the mark-to-market equity investments.","length":146,"tagName":"p"}]},{"va...