Pizza Hut 2001 Annual Report Download - page 2

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FINANCIAL
HIGHLIGHTS
(in millions, except for store and per share amounts)
% B(W)
Number of stores: 2001 2000 change
Company 6,435 6,123 5
Unconsolidated affiliates 2,000 1,844 8
Franchisees 19,263 19,287 —
Licensees 2,791 3,163 (12)
Total stores 30,489 30,417 —
System sales $ 22,328 $ 22,159 1
Total revenues $ 6,953 $ 7,093 (2)
Ongoing operating profit $ 889 $888 —
Facility actions net loss (gain) $1 $ (176) NM
Unusual items (income) expense $ (3) $ 204 NM
Operating profit $ 891 $860 4
Net income $ 492 $ 413 19
Diluted earnings per common share $ 3.24 $ 2.77 17
Diluted ongoing earnings per common share $ 3.21 $ 2.98 8
Cash flows provided by:
Operating activities $ 832 $ 491 70
Refranchising proceeds $ 111 $ 381 (71)
AVERAGE U.S. SALES PER SYSTEM UNIT(a)
(in thousands)
5-year
2001 2000 1999 1998 1997 growth(b)
KFC $ 865 $ 833 $ 837 $ 817 $ 786 2%
Pizza Hut 724 712 696 645 630 3%
Taco Bell 890 896 918 931 902 —
(a) Excludes license and specialty units
(b) Compounded annual growth rate
WORLDWIDE SYSTEM SALES
(in billions)
5-year
2001 2000 1999 1998 1997 growth(a)
United States
KFC $ 4.7 $ 4.4 $ 4.3 $ 4.2 $ 4.0 4%
Pizza Hut 5.0 5.0 5.0 4.8 4.7 1%
Taco Bell 4.9 5.1 5.2 5.0 4.8 1%
Total U.S. 14.6 14.5 14.5 14.0 13.5 2%
International
KFC 5.0 5.0 4.6 4.0 4.4 4%
Pizza Hut 2.6 2.6 2.6 2.5 2.5 —
Taco Bell 0.1 0.1 0.1 0.1 0.1 —
Total International 7.7 7.7 7.3 6.6 7.0 2%
Total $ 22.3 $ 22.2 $ 21.8 $ 20.6 $ 20.5 2%
(a) Compounded annual growth rate