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Companies / Restaurants / YUMC

Yum China

YUMC · Restaurants sector group
Guidance from Yum China’s last 8 earnings releases. Every value links to its sentence in the filing. See something wrong? Tell us.
Current guidance
16 items
Releases tracked
8
Latest release
Jul 30, 2026
Data checked
Jul 30, 2026
On this page:Latest changes·Current guidance·Your sector group·History

What changed in the Jul 30, 2026 release

Each item compared with the same item in the previous release (Apr 29, 2026). Values in quotation marks are the company’s words.

New — first stated in this releaseRaised / Lowered / Narrowed / Widened — changed from the prior releaseRevised — wording changed, direction not determinableChanged — value changed; the comparison couldn’t be parsed to a directionReiterated — restated unchangedNot restated — stated before, absent nowRaised and lowered describe the number, not whether the change is favorable.
ChangeMetricPeriodPreviousNowSource
NewCapital return policy, share of free cash flowfor FY2027—“approximately 100% of annual free cash flow after subsidiaries ’ dividend payments to non-controlling interests”Filing ↗
NewFranchise mix of net new storesfor FY2026—“40-50%”Filing ↗
ReiteratedCapital returnfor FY2028“exceed $1 billion”“exceed $1 billion”Filing ↗
ReiteratedAverage annual capital returnfor FY2027“approximately $900 million to over $1 billion”“approximately $900 million to over $1 billion”Filing ↗
ReiteratedCapital expendituresfor FY2026“approximately $600 million to $700 million”“approximately $600 million to $700 million”Filing ↗
ReiteratedCapital return to shareholdersfor FY2026“$1.5 billion”“$1.5 billion”Filing ↗
ReiteratedNet new storesfor FY2026“more than 1,900”“more than 1,900”Filing ↗
ReiteratedTotal storesfor FY2026“over 20,000”“over 20,000”Filing ↗
Show 1 item not restated in this release
ChangeMetricPeriodPreviousNowSource
Not restatedTotal store count (long-term target)for the long term“more than 30,000”—Filing ↗

Current guidance

Guidance for periods that have not yet ended, at its most recent value, grouped by horizon.

Current fiscal year
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Capital expenditures“approximately $600 million to $700 million”for FY2026Company-definedFeb 4, 20263Filing ↗
Capital return to shareholders“$1.5 billion”for FY2026Company-definedFeb 4, 20263Filing ↗
Capital return to shareholders (headline)“On Track to Return $1.5 billion to Shareholders in 2026”for FY2026Company-definedFeb 4, 20261Filing ↗
Cash dividend per share“$0.29 per share”for FY2026Declared actionApr 29, 20261Filing ↗
Declared dividend per share“$0.29 per share”for FY2026Declared actionJul 30, 20261Filing ↗
Dividend per share“$0.29 per share”for FY2026Declared actionFeb 4, 20261Filing ↗
Franchise mix of net new stores“40-50%”for FY2026Company-definedJul 30, 20261Filing ↗
Franchise mix of net new stores (KFC and Pizza Hut)“40-50%”for FY2026Company-definedFeb 4, 20262Filing ↗
Net new stores“more than 1,900”for FY2026Company-definedFeb 4, 20263Filing ↗
Share repurchase amount“approximately US$460 million”for FY2026Declared actionFeb 4, 20261Filing ↗
Share repurchase amount (Hong Kong)“approximately HK$880 million”for FY2026Declared actionFeb 4, 20261Filing ↗
Share repurchase amount (U.S., Rule 10b5-1)“approximately US$350 million”for FY2026Declared actionFeb 4, 20261Filing ↗
Store count goal“20,000”for FY2026Company-definedFeb 6, 20251Filing ↗
Total store count“over 20,000 stores”for FY2026Company-definedFeb 4, 20261Filing ↗
Total stores“over 20,000”for FY2026Company-definedFeb 4, 20263Filing ↗
Next year and medium term
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Capital return“exceed $1 billion”for FY2028Company-definedFeb 4, 20262Filing ↗
Capital return to shareholders“exceed $1 billion”for FY2028Company-definedApr 29, 20261Filing ↗
Average annual capital return“approximately $900 million to over $1 billion”for FY2027Company-definedFeb 4, 20263Filing ↗
Capital return as % of free cash flow“approximately 100% of annual free cash flow after subsidiaries' dividend payments to non-controlling interests”for FY2027Company-definedApr 29, 20261Filing ↗
Capital return policy (free cash flow payout)“approximately 100% of annual free cash flow after subsidiaries' dividend payments to non-controlling interests”for FY2027Company-definedFeb 4, 20261Filing ↗
Capital return policy, share of free cash flow“approximately 100% of annual free cash flow after subsidiaries ’ dividend payments to non-controlling interests”for FY2027Company-definedJul 30, 20261Filing ↗
Long term
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Total store count (long-term target)“more than 30,000”for the long termCompany-definedFeb 4, 20261Filing ↗
No period stated
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Dividend increase (headline)“Increase Dividend by 21%”—Declared actionFeb 4, 20261Filing ↗

How one item moved

Capital expenditures, for FY2025 — every statement across the year, each linked to its filing.

Feb 6, 2025
New
“approximately $700 million to $800 million”
Filing ↗
Apr 30, 2025
Reiterated
“approximately $700 million to $800 million”
Filing ↗
Aug 4, 2025
Lowered
“approximately $600 million to $700 million”
Filing ↗
Nov 4, 2025
Reiterated
“approximately $600 million to $700 million”
Filing ↗

How your Restaurants sector group guides

20 companies in Restaurants. What they guide on, and who reported this season.

Most-guided metric families
Unit openings
15
Buybacks
13
Dividends
12
Revenue
11
Capex
9
Adjusted EBITDA
8
Comparable sales
7
GAAP EPS
6
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Get this for your own peer set — Peer Guidance Briefing, $3,000.

Full history

Every metric, every release, eight quarters — the complete record as one table.

MetricFY2028FY2027FY2026FY2025FY2024Long-termNo period
Assumed quarterly dividend———1 statement———
Average annual capital return—3 statements——1 statement——
Capital expenditures——3 statements4 statements1 statement——
Capital return2 statements——————
Capital return as % of free cash flow—1 statement—————
The full record for Yum China and its Restaurants peers, delivered as a Peer Guidance Briefing — PDF and Excel, every value linked to its filing.

Filings

The 8 earnings releases this page is built from.

FiledFiscal periodAccessionGuidance items
Jul 30, 2026FY2026 Q20001193125-26-32479313Open filing ↗
Apr 29, 2026FY2026 Q10001193125-26-18858810Open filing ↗
Feb 4, 2026FY2025 Q40001193125-26-03662517Open filing ↗
Nov 4, 2025FY2025 Q30001193125-25-2633734Open filing ↗
Aug 4, 2025FY2025 Q20000950170-25-1023358Open filing ↗
Apr 30, 2025FY2025 Q10000950170-25-0605367Open filing ↗
Feb 6, 2025FY2024 Q40000950170-25-01495410Open filing ↗
Nov 4, 2024FY2024 Q30000950170-24-1202594Open filing ↗
Values in quotation marks are the company’s words; the classification and filing links are HighGravityData’s. HighGravityData does not score or rank companies or give investment advice.
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