secwatch.observer — SEC 8-K summary
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Issuer:     Yum China Holdings, Inc. (YUMC)
CIK:        0001673358
Form:       8-K
Filed at:   2025-11-17T23:59:59+00:00
Accession:  0001193125-25-283928
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Yum China unveils RGM 3.0 strategy, targets high-single-digit OP CAGR and double-digit EPS CAGR through 2028
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- Store expansion: on track for 20,000 stores by 2026, accelerating to over 30,000 stores by 2030.
- 2026-2028 targets: high-single-digit OP CAGR, double-digit diluted EPS CAGR, double-digit FCF per share CAGR vs 2025 base.
- 2025 full-year outlook: OP margin 10.8%-10.9%, restaurant margin ~16.2%, FCF per share $2.2-$2.3.
- Capital return: on track to return $1.5B each year 2024-2026; from 2027 return ~100% of free cash flow after NCI dividends ($900M-$1B+ annually).
- KFC targets >17,000 stores and OP >RMB 10B by 2028; Pizza Hut targets >6,000 stores by 2028 and double OP by 2029 vs 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1673358/000119312525283928/0001193125-25-283928-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1673358/000119312525283928/d723391d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-283928

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