Yum China (HKG:9987) posted net income of $309 million for the first quarter, up 6% from $292 million a year earlier, according to a Wednesday Hong Kong bourse filing.
Earnings per share came in at $0.87 from $0.77 a year earlier.
Revenue increased 10% to $3.27 billion from $2.98 billion in the prior-year period.
The restaurant operator said it targets a total of over 20,000 stores in 2026, with more than 1,900 net new stores and a 40% to 50% franchise mix for new KFC and Pizza Hut outlets.
Capital expenditure is expected to be about $600 million to $700 million, with $1.5 billion planned for shareholder returns.
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