Yum China announces $360m share repurchase for 2025

This is part of a larger strategy to return $4.5b to shareholders between 2024 and 2026.

Yum China Holdings, Inc. has entered into share repurchase agreements in the U.S. and Hong Kong for a total of approximately $360m in the first half of 2025, starting 6 January 2025.

The plan includes $290m under the U.S. Securities Exchange Act's Rule 10b5-1 and HK$550m for a similar program in Hong Kong. This is part of a larger strategy to return $4.5b to shareholders through dividends and share repurchases from 2024 to 2026, including $1.5b in 2024.

In the first 11 months of 2024, Yum China returned $1.37b to shareholders, including $1.18b in repurchases and $187m in dividends. The company has bought back 30 million shares, about 7% of its outstanding shares.

"We maintain a dual focus on driving business growth and returning capital to shareholders. With our confidence in our cash generating capability, we plan to return $4.5b to shareholders between 2024 and 2026,” Joey Wat, CEO of Yum China, said.

Since 2017, Yum China has returned $4.3b to shareholders through dividends and share repurchases.