Yum China Holdings' (HKG:9987) net income increased 2% year on year in the first quarter of 2025 to $292 million from $287 million, the company said in an after-market hours filing with the Hong Kong Stock Exchange Wednesday.
Earnings per common share rose 8% to $0.77 from $0.71. Analysts polled by Visible Alpha estimated EPS to come in at $0.80.
Total revenue for the three months ended March 31 rose 1% to $2.98 billion from 2.96 billion a year ago as company sales reached $2.80 billion compared with $2.79 billion a year earlier. Analysts polled by Visible Alpha estimated revenue to stand at $3.11 billion.
During the quarter, the restaurant operator opened 247 new stores, of which 62 were opened by franchisees. Store count totaled 16,642 as of end-March, including 11,943 KFC stores and 3,769 Pizza Hut stores.
Looking ahead, Yum China aims to open 1,600 to 1,800 new stores, with expenditures ranging from $700 million to $800 million for the 2025 fiscal year. The company also plans to return $3 billion to shareholders in 2025 through 2026.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.