Yum China plans $512M share buybacks in H2 2026 as part of $1.5B capital return plan.

Yum China announced agreements to repurchase approximately $512 million of shares in the second half of 2026, continuing its full-year plan to return $1.5 billion to shareholders through dividends and buybacks. This includes $384 million in the U.S. and HK$1 billion in Hong Kong. The company aims to return about 9% of its market capitalization in 2026 and plans to return nearly 100% of free cash flow to shareholders starting in 2027. Yum China operates over 18,000 restaurants across China and has a strong focus on growth and shareholder returns.