Yum China Holdings, Inc.
YUMC
Jodie read · what matters now
Revenue increased 9.7% versus the comparable filing period.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to YUMC, and whether its market group begins moving.
Latest filing assessment · baseline
The latest filing presents a mixed picture
10-Q filed 2026-05-08 against the comparable filing from 2025-05-09.
What improved
- Revenue increased 9.7% versus the comparable filing period.
- Operating cash flow covered net income at 1.78x, improving versus the comparable period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“Operating profit for the first quarter increased 12%, or 6% excluding the impact of F/X, primarily driven by the increase in Total revenues, efficiency improvement from streamlined operations and favorable commodity prices, lower G&A and closures and impairment expenses, partially offset by increased delivery cost associated with higher delivery sales mix in the current period and value-for-money offerings.”
“Quarter Ended 3/31/2026 % change System Sales Growth 10 % System Sales Growth, excluding F/X 5 % Same-Store Sales Growth 1 % 30 Unit Count 3/31/2026 3/31/2025 % Increase Company-owned 11,317 10,360 9 Franchisees 2,137 1,583 35 13,454 11,943 13 Company Sales and Restaurant Profit The changes in Company sales and Restaurant profit were as follows: Quarter Ended Income (Expense) 3/31/2025 Store Portfolio Actions Other F/X 3/31/2026 Company sales $ 2,208 $ 66 $ 17 $ 119 $ 2,410 Cost of sales (685 ) (23 ) (1 ) (37 ) (746 ) Cost of labor (554 ) (21 ) (36 ) (32 ) (643 ) Occupancy and other operating expenses (532 ) (17 ) 16 (27 ) (560 ) Restaurant profit $ 437 $ 5 $ (4 ) $ 23 $ 461 The increase in...”
“31 Quarter Ended 3/31/2026 % change System Sales Growth 9 % System Sales Growth, excluding F/X 4 % Same-Store Sales (Decline) (1 )% Unit Count 3/31/2026 3/31/2025 % Increase Company-owned 3,932 3,555 11 Franchisees 443 214 107 4,375 3,769 16 Company Sales and Restaurant Profit The changes in Company sales and Restaurant profit were as follows: Quarter Ended Income (Expense) 3/31/2025 Store Portfolio Actions Other F/X 3/31/2026 Company sales $ 584 $ 15 $ (3 ) $ 31 $ 627 Cost of sales (186 ) (5 ) (12 ) (10 ) (213 ) Cost of labor (163 ) (3 ) 7 (9 ) (168 ) Occupancy and other operating expenses (151 ) (5 ) 11 (7 ) (152 ) Restaurant profit $ 84 $ 2 $ 3 $ 5 $ 94 The increase in Company sales for...”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind YUMC
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Depended on by
Filing peers
Companies whose filings use similar operating language.
You can see the shape of the network here. Pro opens 1 more links, the original filing receipts, and alerts when connected names begin moving. See Pro →
What is moving around it
Live connections
YUMC is currently a Leader in the organic co-movement group Chinese Restaurant Operators. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for YUMC; it is not active in the latest market snapshot.
Theme membership history
No durable theme membership has been observed for this name yet.