Yum China reached 20,000 restaurants, and its sales grew 3% as China’s restaurant industry grew 1% to 2%. Slower industry growth is a concern, but Yum China’s expansion and faster sales growth support a positive reading.
More restaurants give Yum China more places to serve customers, and its store count has grown quickly. Its sales also grew faster than China’s restaurant industry in the third quarter. The plan to open 10,000 more restaurants by 2030 is not yet achieved. China’s restaurant sales growth slowed, but Yum China’s reported sales growth supports a positive reading.
Yum China marked 10 years as a separately listed company after splitting from Yum Brands. The story reports no new change to Yum Brands’ own business or results, so it does not change its outlook.
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