Yum China delivered robust Q3 2024 results, with total revenues up 5% YoY to $3.07 billion and operating profit increasing 15% to $371 million. Same-store sales reached 97% of prior year levels, improving from 96% in Q2. The company opened 438 net new stores, bringing total count to 15,861.Core operating profit grew 18% YoY, while restaurant margin held steady at 17.0%. Diluted EPS rose 33% to $0.77. Digital sales reached $2.61 billion, accounting for ~90% of total company sales. KFC and Pizza Hut's combined membership exceeded 510 million.Yum China plans to increase capital returns to shareholders by 50% to $4.5 billion for 2024-2026. The company maintains its 2024 targets, including opening 1,500-1,700 net new stores and making $700-850 million in capital expenditures.

Yum China delivered robust Q3 2024 results, with total revenues up 5% YoY to $3.07 billion and operating profit increasing 15% to $371 million. Same-store sales reached 97% of prior year levels, improving from 96% in Q2. The company opened 438 net new stores, bringing total count to 15,861.Core operating profit grew 18% YoY, while restaurant margin held steady at 17.0%. Diluted EPS rose 33% to $0.77. Digital sales reached $2.61 billion, accounting for ~90% of total company sales. KFC and Pizza Hut's combined membership exceeded 510 million.Yum China plans to increase capital returns to shareholders by 50% to $4.5 billion for 2024-2026. The company maintains its 2024 targets, including opening 1,500-1,700 net new stores and making $700-850 million in capital expenditures.