Yum China increases share buyback program by $1 billion

Yum China Holdings Inc. (NYSE: YUMC) announced that its board of directors approved an increase of $1 billion to the company's share repurchase authorization, bringing the total authorization to $5.4 billion.

The restaurant operator has repurchased approximately 97.7 million shares of common stock for $4.2 billion from 2017 through December 11, 2025. The increased authorization brings the remaining buyback capacity to approximately $1.2 billion.

The company may conduct share repurchases through various methods including open market purchases, privately negotiated transactions, block trades, accelerated share repurchase transactions, and Rule 10b5-1 trading plans, subject to applicable regulatory requirements. The authorization carries no expiration date.

Yum China operates over 17,000 restaurants under six brands across more than 2,500 cities in China. The company's portfolio includes KFC and Pizza Hut as its primary brands, along with Lavazza coffee, Little Sheep, Huang Ji Huang, and Taco Bell.

The information is based on a company press release statement.

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