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YUM CHINA Aims to Have 25K+ Restaurants in Operation by 2028, Achieve Min. 11.5% Operating Margin
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Joey Wat, Director and CEO at YUM CHINA (09987.HK), said at an investor event that she is confident in meeting the full-year guidance, including an operating margin of 10.8-10.9%, overall restaurant margin of 16.2-16.3%, and free cash flow per share of USD2.2-2.3, as Chinese consumer sentiment is showing signs of recovery. On business expansion, Wat revealed that the group aims to have 20,000 restaurants by 2026, more than 25,000 restaurants by 2028, and 30,000 restaurants by 2030. In terms of profitability, compared with 2025, the group targets high single-digit compound annual growth in operating profit for 2026-28 and double-digit compound annual growth in diluted earnings per share. It hopes to maintain an operating margin of no less than 11.5% and generate USD1.1 billion in free cash flow by 2028. AAStocks Financial News |
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