KFC

Shanghai – November 03, 2026 -- Yum China Holdings (NYSE: YUMC; HKEX: 9987) grew third-quarter operating profit 13% year over year to $451 million on revenue up 8% to $3.5 billion, and raised its 2026 net new store target to more than 2,400. Revenue growth was 2% excluding foreign currency translation. Diluted EPS rose 20% to $0.91, or 12% excluding F/X and 8% when mark-to-market equity investment effects are also stripped out.

Record 692 net openings push store count to 19,989

Yum China opened 692 net new stores in the quarter, a quarterly record, and franchisees opened 44% of them. Total stores reached 19,989 at September 30, 2026, with 19% operated by franchisees. The company now expects to surpass 20,500 stores this year, with a 40-50% franchise mix of net new stores for both KFC and Pizza Hut.

Capital expenditure is guided at approximately $600 million to $700 million for 2026.