On November 17, YUM CHINA (09987, YUMC.US) announced at its 2025 Investor Day that the company expects to achieve mid-to-high single-digit annual compound growth in system sales from 2026 to 2028 (based on 2025 as the benchmark year). Operating profit is projected to grow at a high single-digit annual compound rate, while earnings per share and free cash flow per share are expected to deliver double-digit annual compound growth.
Starting in 2027, the company plans to return approximately 100% of its free cash flow to shareholders, after deducting dividends paid to minority shareholders of subsidiaries. Shareholder returns are anticipated to exceed $1 billion by 2028.
KFC aims to achieve an operating profit of over RMB 10 billion by 2028, while Pizza Hut is expected to double its operating profit by 2029 compared to 2024. The company is steadily progressing toward its goal of reaching 20,000 stores by 2026 and accelerating expansion efforts to surpass 30,000 stores by 2030.