Reports Q3 revenue $3.21B, consensus $3.19B. Same-store sales grew 1%. Joey Wat, CEO of Yum China (YUMC), commented, “We delivered another solid quarter in a dynamic market – accelerating store openings, achieving positive same-store sales growth, and expanding margins. Delivering across all three dimensions was no easy task. It reflected the effectiveness of our dual focus on innovation and operational efficiency. KFC grew at its fastest store-opening pace year-to-date, while Pizza Hut has accelerated expansion, surpassing the 4,000-store milestone in the quarter. Our flexible store formats, together with our franchise strategy, enable faster market entry with lower investment.”
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