China Holdings, Inc. Earnings Recaps
Q3 2025
Nov 4, 2025
Yum China delivered a strong third quarter for 2025, marked by an 8% increase in operating profit and accelerated store expansion, reflecting robust consumer demand across its brands.
Key takeaways
- System sales rose 4% year-over-year, with same-store sales achieving growth for the second consecutive quarter.
- Operating profit reached a record $400 million, demonstrating improved restaurant margins of 17.3%.
- KFC opened a record 402 net new stores, contributing to a total of over 12,640 locations, while Pizza Hut surpassed 4,000 stores.
- Delivery sales increased to 51% of total sales, bolstered by innovative menu offerings and effective promotional strategies.
- Continued focus on menu innovation and entry-level pricing positions Yum China to capture a broader consumer base, especially in lower-tier cities.