Yum China reported strong Q3 2024 results with operating profit rising 15% YoY to $371 million and core operating profit growing 18%. Total revenues increased 5% to $3.07 billion, driven by 7% net new unit contribution. Same-store transactions grew 1% YoY, marking the seventh consecutive quarter of growth, while operating margin expanded 100 basis points to 12.1%.The company demonstrated robust expansion with 438 net new stores opened in Q3, reaching a total of 15,861 stores including 11,283 KFC and 3,606 Pizza Hut locations. Digital sales reached $2.61 billion, accounting for approximately 90% of total Company sales. Delivery sales maintained strong momentum with 18% YoY growth.Looking ahead, Yum China announced plans to increase capital returns to shareholders by 50% to $4.5 billion for 2024-2026. The company maintains its 2024 targets of opening 1,500-1,700 net new stores and making capital expenditures of $700-850 million. In Q3, it returned $248 million to shareholders through share repurchases and dividends.

Yum China reported strong Q3 2024 results with operating profit rising 15% YoY to $371 million and core operating profit growing 18%. Total revenues increased 5% to $3.07 billion, driven by 7% net new unit contribution. Same-store transactions grew 1% YoY, marking the seventh consecutive quarter of growth, while operating margin expanded 100 basis points to 12.1%.The company demonstrated robust expansion with 438 net new stores opened in Q3, reaching a total of 15,861 stores including 11,283 KFC and 3,606 Pizza Hut locations. Digital sales reached $2.61 billion, accounting for approximately 90% of total Company sales. Delivery sales maintained strong momentum with 18% YoY growth.Looking ahead, Yum China announced plans to increase capital returns to shareholders by 50% to $4.5 billion for 2024-2026. The company maintains its 2024 targets of opening 1,500-1,700 net new stores and making capital expenditures of $700-850 million. In Q3, it returned $248 million to shareholders through share repurchases and dividends.