Yum China Holdings Inc. which operates KFC, Pizza Hut and Taco Bell restaurants in China, is accelerating store expansion as the business environment becomes more predictable than during the pandemic.
The restaurant chain operator revised upBloomberg Terminal this year’s new store opening target to as many as 1,600, from the previous 1,100 to 1,300, Chief Financial Officer Andy Yeung said in an investor briefing in the northwestern Chinese city Xi’an on Thursday. It plans to build a 20,000-store network in the country by 2026, from about 13,600 from now.
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