Overview
- The company expects to finish 2025 near 17,000 outlets, reach roughly 20,000 in 2026, and expand 76% to 30,000 by 2030.
- Management said growth will focus on lower-tier mainland cities using adaptable store designs to match local demand in a tougher consumer market.
- A hybrid mix of equity-owned and franchised locations is intended to accelerate rollout and deepen market penetration.
- Yum China set interim goals to exceed 25,000 stores by 2028, target higher margins, and return about $1.5 billion annually to investors through 2026 before shifting to roughly 100% of free cash flow from 2027.
- Brand plans include KFC surpassing 17,000 stores and Pizza Hut topping 6,000 by 2028, supported by AI tools in operations and new supply-chain park investments.