Yum China sees FY24 CapEx $700M-$850M

In 2024, Yum China plans to: Open approximately 1,500 to 1,700 net new stores. Make capital expenditures in the range of approximately $700 million to $850 million. From 2024 to 2026, Yum China targets to: Reach a total store count of 20,000 by 2026. Achieve a high-single-to-double-digit CAGR for system sales and operating profit, and a double-digit CAGR for EPS, using 2023 as the base year excluding F/X. Return a minimum of $3 billion to shareholders through quarterly dividends and share repurchases.