---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-060536"
form_type: "8-K"
ticker: "YUMC"
cik: "0001673358"
company_name: "Yum China Holdings, Inc."
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:25:24.183603+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Yum China Q1 EPS $0.77 (+8% YoY), same-store sales flat; margins expand

## Summary
- Diluted EPS rose 8% YoY to a Q1 record $0.77; revenue $3.0B (+1%); operating profit $399M (+7%).
- Same-store sales returned to 100% of prior-year levels; same-store transactions grew 6% YoY, 9th consecutive quarter.
- OP margin expanded 80bps to 13.4%; restaurant margin up 100bps to 18.6% driven by commodity and cost savings.
- KFC operating profit +4% to $386M; Pizza Hut +27% to $60M with restaurant margin up 190bps.
- Returned $262M to shareholders ($172M buybacks + $90M dividends); FY2025 net new store target 1,600-1,800.

## SEC filing metadata
- accession: 0000950170-25-060536
- form_type: 8-K
- ticker: YUMC
- cik: 0001673358
- company_name: Yum China Holdings, Inc.
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1673358/000095017025060536/0000950170-25-060536-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1673358/000095017025060536/yumc-20250430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-060536
- JSON: https://secwatch.observer/filing/0000950170-25-060536.json
- Plain text: https://secwatch.observer/filing/0000950170-25-060536.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.