Foreign restaurant companies are accelerating investment in the Chinese market, and Subway will open nearly 4,000 restaurants in the next 20 years.

Subway recently announced that it will open nearly 4,000 restaurants in China, McDonald's plans to break the number of Chinese stores by 2028, Yum China's third quarter net profit increased 22% year-on-year, including takeaway sales increased 18% year-on-year... Since the beginning of this year, a number of foreign catering brands have gained new additions in China and are accelerating their "betting" on the Chinese market.

"Over the past year, we have opened more stores in China than any other market. And that's going to be true for the next 10 years." Subway global CEO Chidesi recently said in a public interview that Subway is facing a "difficult" situation in the U.S. market, and the Asian market has become Subway's most important growth engine.

​ In addition to Subway, Yum China, McDonald's and other companies are also accelerating the layout of the Chinese market. In 2023, McDonald's reportedly acquired an interest in McDonald's China from Carlyle Capital, increasing its stake in the Greater China business from the original 20% to 48%. Chris Kempczinski, chief executive of McDonald's, which will increase its number of restaurants in China from 6,000 to 10,000 by 2028, said that "China will eventually become McDonald's largest market [overtaking the US]."

Yum China had its highest-grossing quarter ever. According to its quarterly report, core operating profit in the third quarter of 2024 increased by 18% year-on-year, total revenue reached $3.07 billion, and net profit was $297 million, an increase of 22% year-on-year. Delivery sales, which account for about 40% of KFC and Pizza Hut's restaurant revenue, rose 18% year-over-year, maintaining Yum China's consistent double-digit annual growth over the past decade.

Resource: 东南网