Headquartered in Yum China Building, Shanghai Fiscal year ends December NYSE: YUMC yumchina.com
Yum China Holdings is a restaurant company operating exclusively in China. It runs 19,989 restaurants (as of September 30, 2026) across more than 2,800 cities under six brands.
- **KFC:** the company's quick-service chicken chain, with 14,307 stores.
- **Pizza Hut:** a casual dining brand with 4,740 stores. Yum China acquired the Pizza Hut brand in Mainland China in August 2026, eliminating license fees previously paid to Yum! Brands.
- **Other brands:** Little Sheep and Huang Ji Huang (Chinese cuisine), Taco Bell (Mexican-inspired food), and a Lavazza coffee concept developed in partnership with Lavazza.
Revenue comes mainly from Company-owned restaurant sales. Additional revenue comes from franchise fees, which average about 6% of franchise system sales, from transactions with franchisees, and other revenues. Franchisees operate about 19% of stores, and the company targets a 40-50% franchise mix for new openings.
Its growth model rests on rapid store expansion with tailored formats, including KCOFFEE cafes, KPRO and Pizza Hut Burger Bar side-by-side modules. It is also supported by:
- delivery, which accounts for about 54% of Company sales;
- a loyalty program with more than 278 million active members;
- an in-house digitalized supply chain and logistics network.
The company is listed on the NYSE (YUMC) and HKEX (9987). Updated
Operating margin expanded for a tenth straight quarter to 13.0%, enough to beat on EPS even with same-store sales down 3% and revenue missing expectations. Owning the Pizza Hut brand in China outright since August ended the license fee, and management raised the 2026 target to more than 2,400 net new stores.
Three straight EPS beats put Yum China on the hook for roughly $0.90 a share on $3.49 billion in revenue when results land at 5:00 AM ET. With burger and coffee rivals crowding every Chinese mall food court, same-store traffic is the number that decides the day.
Tuesday's most notable analyst upgrades and downgrades and other calls were on Amazon, PepsiCo, Netflix and more.
Monday's top analyst upgrades and downgrades included Aramark, Arm, Costco Wholesale, Deere, GoDaddy, Home Depot, Intercontinental Exchange, Payoneer Global, Walmart, Wayfair and Yum China.
Friday's top analyst upgrades and downgrades included Annaly Capital Management, Carnival, Deere, Freeport-McMoRan, Honest Company, Royal Caribbean Cruises, Shoals Technologies, Take-Two Interactive Software, Toast and Yum China.
Thursday's top analyst upgrades and downgrades included BlackRock, Devon Energy, DuPont, JD.com, PayPal, Qualcomm, Simon Properties, Square and Zillow.
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Monday's top analyst upgrades, downgrades and other ratings changes included Advanced Micro Devices, Albermarle, Charter Communications, First Solar, Hasbro, Lowe's, Netflix, Procter & Gamble, Roku, Tiffany and Yum China.
Yum China Holdings is a restaurant company operating exclusively in China. It runs 19,989 restaurants (as of September 30, 2026) across more than 2,800 cities under six brands. - **KFC:** the company's quick-service chicken chain, with 14,307 stores. - **Pizza Hut:** a casual dining brand with 4,740 stores.
24/7 Wall St.'s 12-month price target for YUMC is $65.23, rated Buy. The Wall Street consensus target is $62.02. YUMC price prediction →
