Yum China sales up by 2% YoY in Q1 2025

The company has declared a cash dividend of $0.24 per share on its common stock.

Yum China announced a 2% year-on-year (YoY) increase in total system sales for Q1 2025, driven by a 4% contribution from net new units, partially offset by one fewer business day in 2025.

System sales for KFC grew 3% YoY, whilst Pizza Hut grew by 2%.

The company’s total revenues increased 1% YoY to $3b.

Operating profit grew 7% YoY to $399m, whilst core operating profit grew 8% YoY.

OP margin was 13.4%, an increase of 80 basis points YoY, supported by restaurant margin expansion and G&A savings.

Same-store sales reached 100% of the prior year's level, and same-store transactions grew 6% YoY.

The company opened 247 new stores in the quarter, with 62 new stores opened by franchisees, accounting for 25%. Total store count reached 16,642 as of 31 March, including 11,943 KFC stores and 3,769 Pizza Hut stores.

“In the current evolving market environment, we remain steadfast in achieving our full-year targets, including 1,600 to 1,800 net new stores,” said Joey Wat, CEO of Yum China.

Yum China has declared a cash dividend of $0.24 per share on its common stock, payable on 18 June, to shareholders of record as of the close of business on 28 May.