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Yum China Announces Plan for Approximately US$270 million in Additional Share Repurchases for 2025

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Yum China (NYSE: YUMC) has announced plans to repurchase an additional US$270 million of its common stock during the remainder of 2025. This new program, starting September 3, 2025, adds to the previously announced US$510 million share repurchase agreements and US$356 million already completed in H1 2025.

The company expects to return a total of US$1.5 billion to shareholders in 2025, including US$360 million in dividends and US$1.14 billion in share repurchases. Yum China aims to return US$3 billion to shareholders through dividends and buybacks from 2025 to 2026, representing approximately 9% of its market capitalization as of September 2, 2025.

Yum China (NYSE: YUMC) ha annunciato l'intenzione di riacquistare ulteriori US$270 milioni di azioni ordinarie per il resto del 2025. Questo nuovo programma, che partirà il 3 settembre 2025, si aggiunge agli accordi di riacquisto di US$510 milioni comunicati in precedenza e ai US$356 milioni già eseguiti nella prima metà del 2025.

La società prevede di restituire complessivamente ai propri azionisti US$1,5 miliardi nel 2025, di cui US$360 milioni in dividendi e US$1,14 miliardi in riacquisti di azioni. Yum China punta a restituire US$3 miliardi agli azionisti tra il 2025 e il 2026 tramite dividendi e buyback, pari a circa il 9% della sua capitalizzazione di mercato al 2 settembre 2025.

Yum China (NYSE: YUMC) ha anunciado planes para recomprar US$270 millones adicionales de sus acciones ordinarias durante el resto de 2025. Este nuevo programa, que comienza el 3 de septiembre de 2025, se suma a los acuerdos de recompra por US$510 millones anunciados anteriormente y a los US$356 millones ya completados en el primer semestre de 2025.

La compañía espera devolver un total de US$1.5 mil millones a los accionistas en 2025, incluyendo US$360 millones en dividendos y US$1.14 mil millones en recompras de acciones. Yum China aspira a devolver US$3 mil millones a los accionistas entre 2025 y 2026 mediante dividendos y buybacks, lo que representa aproximadamente el 9% de su capitalización bursátil al 2 de septiembre de 2025.

Yum China (NYSE: YUMC)는 2025년 남은 기간 동안 보통주 추가 미화 2억7천만 달러(US$270 million)를 자사주 매입할 계획을 발표했습니다. 이 신규 프로그램은 2025년 9월 3일부터 시작되며, 이전에 발표된 미화 5억1천만 달러(US$510 million) 규모의 자사주 매입 약정과 2025년 상반기에 이미 집행된 미화 3억5천6백만 달러(US$356 million)에 더해집니다.

회사는 2025년에 총 미화 15억 달러(US$1.5 billion)를 주주에게 환원할 것으로 예상하며, 이 중 미화 3억6천만 달러(US$360 million)는 배당금으로, 미화 11억4천만 달러(US$1.14 billion)는 자사주 매입으로 지급될 예정입니다. Yum China는 2025년부터 2026년까지 배당 및 자사주 매입을 통해 총 미화 30억 달러(US$3 billion)를 주주에게 환원할 계획이며, 이는 2025년 9월 2일 기준 시가총액의 약 9%에 해당합니다.

Yum China (NYSE: YUMC) a annoncé son intention de racheter US$270 millions supplémentaires d'actions ordinaires pour le reste de 2025. Ce nouveau programme, qui débute le 3 septembre 2025, s'ajoute aux accords de rachat de US$510 millions annoncés précédemment et aux US$356 millions déjà exécutés au premier semestre 2025.

La société prévoit de restituer au total US$1,5 milliard aux actionnaires en 2025, dont US$360 millions en dividendes et US$1,14 milliard en rachats d'actions. Yum China vise à restituer US$3 milliards aux actionnaires entre 2025 et 2026 via dividendes et rachats, ce qui représente environ 9% de sa capitalisation boursière au 2 septembre 2025.

Yum China (NYSE: YUMC) hat Pläne angekündigt, im verbleibenden Verlauf des Jahres 2025 zusätzliche US$270 Millionen seiner Stammaktien zurückzukaufen. Dieses neue Programm, das am 3. September 2025 beginnt, ergänzt die zuvor angekündigten Rückkaufvereinbarungen über US$510 Millionen sowie die bereits in der ersten Hälfte des Jahres 2025 abgeschlossenen US$356 Millionen.

Das Unternehmen erwartet, den Aktionären im Jahr 2025 insgesamt US$1,5 Milliarden zurückzugeben, davon US$360 Millionen in Dividenden und US$1,14 Milliarden in Aktienrückkäufen. Yum China strebt an, zwischen 2025 und 2026 insgesamt US$3 Milliarden durch Dividenden und Rückkäufe an die Aktionäre zurückzuführen, was etwa 9% seiner Marktkapitalisierung zum 2. September 2025 entspricht.

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Insights

Yum China's expanded $1.14B buyback program signals financial strength and shareholder-focused capital allocation strategy.

Yum China's announcement of an additional US$270 million share repurchase program significantly expands its capital return commitments for 2025. This brings their total planned shareholder returns to $1.5 billion for 2025 alone, comprising $1.14 billion in share repurchases and $360 million in dividends.

The accelerated buyback pace demonstrates management's confidence in the company's underlying business fundamentals and future cash generation capabilities. When combined with previous commitments, Yum China is on track to return $3 billion to shareholders between 2025-2026, representing approximately 9% of its current market capitalization annually.

This aggressive capital return strategy serves multiple purposes: it potentially enhances earnings per share by reducing the outstanding share count, signals management's belief that shares may be undervalued, and demonstrates disciplined capital allocation while still maintaining flexibility for operational investments. Since 2017, the company has returned $5.2 billion cumulatively to shareholders.

The decision to increase buybacks through open market transactions rather than through accelerated repurchase agreements provides the company with greater flexibility to capitalize on market volatility. This approach allows management to opportunistically acquire shares at potentially advantageous price points, maximizing the impact of each dollar spent on repurchases.

SHANGHAI, Sept. 3, 2025 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) announced that it plans to repurchase approximately an additional US$270 million of its common stock during the remainder of 2025 in the open market, subject to market and other conditions. This repurchase program is expected to commence on September 3, 2025, and is in addition to the previously announced US$510 million share repurchase agreements for the second half of the year, as well as the US$356 million share repurchases completed in the first half of 2025.

Assuming a quarterly dividend of US$0.24 per share, the Company is now expected to return a total of approximately US$1.5 billion to shareholders in 2025, comprising approximately US$360 million in dividends and approximately US$1.14 billion in share repurchases.

"The expanded share repurchase program for 2025 is designed to provide flexibility to repurchase shares in the open market from time to time, with the goal of enhancing long-term shareholder value. It reflects our confidence in our growth prospects and our ability to generate strong free cash flow. As we continue to return capital to shareholders through dividends and share repurchases, we remain committed to investing in our businesses to create value both now and in the long term," said Joey Wat, CEO of Yum China.

Yum China is on track to return US$3 billion to shareholders through dividends and share repurchases from 2025 to 2026, in addition to the US$1.5 billion delivered in 2024. The average annual amount of capital return over the three years is around 9% of Yum China's market capitalization as of September 2, 2025.

From 2017 to September 2, 2025, Yum China has returned US$5.2 billion to shareholders through dividends and share repurchases.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements relating to the Company's business strategy, capital allocation strategy, and dividend and share repurchase plans. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as "expect," "expectation," "believe," "anticipate," "may," "could," "intend," "belief," "plan," "estimate," "target," "predict," "project," "likely," "will," "continue," "should," "forecast," "outlook," "commit" or similar terminology. These statements are based on current estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable under the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Forward-looking statements include, without limitation, statements regarding the future strategies, growth, business plans, and dividend and share repurchase plans. Forward-looking statements are not guarantees of performance and are inherently subject to known and unknown risks and uncertainties that are difficult to predict and could cause our actual results or events to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or assumptions will be achieved. The forward-looking statements included in this press release are only made as of the date of this press release, and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. Numerous factors could cause our actual results or events to differ materially from those expressed or implied by forward-looking statements. Our plan of capital returns to shareholders is based on current expectations, which may change based on market conditions, capital needs or otherwise. In addition, other risks and uncertainties not presently known to us or that we currently believe to be immaterial could affect the accuracy of any such forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. You should consult our filings with the Securities and Exchange Commission (including the information set forth under the captions "Risk Factor" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q) for additional detail about factors that could affect our financial and other results.

About Yum China Holdings, Inc.

Yum China is the largest restaurant company in China with a mission to make every life taste beautiful. The Company operates over 16,000 restaurants under six brands across over 2,400 cities in China. KFC and Pizza Hut are the leading brands in the quick-service and casual dining restaurant spaces in China, respectively. In addition, Yum China has partnered with Lavazza to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine. Taco Bell offers innovative Mexican-inspired food. Yum China has a world-class, digitalized supply chain, which includes an extensive network of logistics centers nationwide and an in-house supply chain management system. Its strong digital capabilities and loyalty program enable the Company to reach customers faster and serve them better. Yum China is a Fortune 500 company with the vision to be the world's most innovative pioneer in the restaurant industry. For more information, please visit https://ir.yumchina.com/.

Contacts

Investor Relations Contact:
Tel: +86 21 2407 7556
IR@YumChina.com 

Media Contact:
Tel: +86 21 2407 3824 / +852 2267 5807
Media@YumChina.com

Cision View original content:https://www.prnewswire.com/news-releases/yum-china-announces-plan-for-approximately-us270-million-in-additional-share-repurchases-for-2025-302545001.html

SOURCE Yum China Holdings, Inc.

FAQ

How much will Yum China (YUMC) spend on share buybacks in 2025?

Yum China will spend approximately US$1.14 billion on share buybacks in 2025, including US$270 million additional repurchases, US$510 million previously announced, and US$356 million completed in H1 2025.

What is Yum China's total shareholder return plan for 2025?

Yum China plans to return approximately US$1.5 billion to shareholders in 2025, comprising US$360 million in dividends and US$1.14 billion in share repurchases.

What is YUMC's dividend per share for 2025?

Yum China's quarterly dividend is US$0.24 per share, which amounts to approximately US$360 million in total dividend payments for 2025.

How much has Yum China returned to shareholders since 2017?

From 2017 to September 2, 2025, Yum China has returned US$5.2 billion to shareholders through dividends and share repurchases.

What is Yum China's shareholder return target for 2025-2026?

Yum China aims to return US$3 billion to shareholders through dividends and share repurchases from 2025 to 2026, representing about 9% of its market capitalization.
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