Yum China sees FY25 capital expenditures $600M-$700M

Sees FY25 net new stores 1,600-1,800. Wat concluded, “On the front end, our multi-brand portfolio, diverse store modules and offerings cater to a wide range of customer segments and occasions. On the back end, we are fostering even greater synergies by sharing and consolidating resources in and across stores and regions to enhance efficiency. KCOFFEE cafes now exceed 1,800 locations, well above our initial plan. KPRO, focused on energy bowls and superfood smoothies, has grown to over 100 locations in higher-tier cities. By sharing in-store resources and KFC membership programs, we scaled these modules quickly and delivered incremental sales and profit. Building on our core competencies, our established RGM (“Resilience, Growth and Moat”) strategy and the steadfast execution of our teams, we are confident in our growth potential and look forward to sharing more at our upcoming investor day.”