Yum China To Open ~1,500-1,700 Net New Stores; Make Capital Expenditures In The Range Of ~$700M-$850M In FY24
Portfolio Pulse from Benzinga Newsdesk
Yum China plans to open 1,500-1,700 new stores and make capital expenditures of $700M-$850M in FY24. The company also aims to return $1.5B to shareholders through dividends and share repurchases.
August 05, 2024 | 8:32 pm
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Yum China plans to open 1,500-1,700 new stores and make capital expenditures of $700M-$850M in FY24. The company also aims to return $1.5B to shareholders through dividends and share repurchases.
The expansion of new stores and significant capital expenditures indicate growth and investment in the company's future. Returning $1.5B to shareholders through dividends and share repurchases is a positive signal for investors, likely boosting short-term stock prices.
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