Yum China (HKG:9987) reported net income of $215 million for the second quarter ended June 30, up slightly from $212 million a year earlier, according to a Tuesday Hong Kong bourse filing.

Shares of the restaurant operator were down over 5% in Wednesday's mid-morning trade.

Earnings per share rose to $0.58 from $0.55, marking another second-quarter record-high.

Revenue for the period increased to $2.79 billion from $2.68 billion a year ago as company sales reached $2.61 billion, compared with $2.53 billion in the same period last year.

During the quarter, the restaurant operator opened 336 net new stores, including 89 by franchisees. Total store count reached 16,978 as of the end of June, comprising 12,238 KFC locations and 3,864 Pizza Hut outlets.

Yum China said it expects to open 1,600 to 1,800 net new stores this year, with capital expenditures between $600 million and $700 million.

It plans to return $3 billion to shareholders in 2025 through 2026, adding to the $1.5 billion it delivered to shareholders in 2024.