Earnings Releases·Nov 3, 2026, 8:24 AM ET

Yum China — Third Quarter 2026 Earnings Summary

Total revenues rose 8% YoY to $3.5 billion, while operating profit grew 13% YoY to $451 million, driving diluted EPS up 20% to $0.91.
Raised 2026 full-year guidance to over 2,400 net new store openings (targeting 20,500 total) and confirmed a $1.5 billion capital return target for the year.
Completed the acquisition of the Pizza Hut brand in Mainland China; KFC and Pizza Hut both delivered double-digit operating profit growth with expanding margins.
Returned $362 million to shareholders in Q3 via $263 million in share repurchases and $99 million in dividends, with the Board increasing repurchase authorization by $1 billion.
Same-store transactions grew 3% YoY for the 15th consecutive quarter, though same-store sales faced headwinds from prior-year subsidy comparisons and adverse weather.