{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-048036","form_type":"8-K","ticker":"YUMC","cik":"0001673358","company_name":"Yum China Holdings, Inc.","filed_at":"2023-09-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.804263+00:00","generated_at":"2026-06-10T17:41:13.460074+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Yum China targets 20,000 stores by 2026, $3B shareholder return, double-digit EPS CAGR","bullets":["KFC to accelerate net new store openings to >1,200 annually (15-20% franchise); Pizza Hut to 400-500 net new stores yearly.","Targets double-digit EPS CAGR and $3B shareholder return (dividends + buybacks) from 2024 to 2026.","2023 net new store target raised to 1,400-1,600 (from 1,100-1,300); same-store sales ~90% of 2019 level.","Lavazza joint venture aims for 1,000 stores in 3-5 years; capex $3.5-5B over three years."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-048036","json":"https://secwatch.observer/filing/0000950170-23-048036.json","markdown":"https://secwatch.observer/filing/0000950170-23-048036.md","text":"https://secwatch.observer/filing/0000950170-23-048036.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1673358/000095017023048036/0000950170-23-048036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1673358/000095017023048036/yumc-20230914.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T17:41:13.460074+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}