Pizza Hut 2003 Annual Report Download - page 32

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International Operating Profit by Key Market
Year ended 2003 (in millions)
China $ 157
Franchise Markets(b) 109
Japan/Canada 60
U.K. 97
Australia/New Zealand 44
South Korea 33
Other 21
Mexico 10
Future Growth Markets(c) (30)
Headquarters General & Administrative Costs (60)
$ 441
China 12%
Franchise Markets
(b)
28%
Japan/Canada 20%
U.K. 15%
Australia/New Zealand 9%
South Korea 4%
Other 7%
Mexico 3%
Future Growth Markets
(c)
2%
International System Sales(a) by Key Market
Year ended 2003
Global Facts
(a) System sales represents the combined sales of Company, unconsolidated affiliates, franchise and license restaurants.
(b) Includes franchise-only markets in the remainder of Asia, Continental Europe, Carribean/Latin America, Middle East/
Southern Africa.
(c) Includes KFC Germany, KFC Netherlands, KFC France, KFC Brazil and India.
Worldwide Sales
(in billions) 5-year
2003 2002 2001 2000 1999 growth(a)
United States
KFC Company sales $ 1.4 $ 1.4 $ 1.4 $ 1.4 $ 1.5 (3%)
Franchisee sales(b) 3.5 3.4 3.3 3.0 2.8 7%
Pizza Hut Company sales $ 1.6 $ 1.5 $ 1.5 $ 1.8 $ 2.1 (8%)
Franchisee sales(b) 3.5 3.6 3.5 3.2 2.9 8%
Taco Bell Company sales $ 1.6 $ 1.6 $ 1.4 $ 1.4 $ 1.6 (5%)
Franchisee sales(b) 3.8 3.6 3.5 3.7 3.6 4%
Long John Silver’s(c) Company sales $ 0.5 $ 0.3 NM
Franchisee sales(b) 0.3 0.2 NM
A&W(c) Company sales $ — $ — NM
Franchisee sales(b) 0.2 0.2 NM
Total U.S. Company sales $ 5.1 $ 4.8 $ 4.3 $ 4.6 $ 5.2 (5%)
Franchisee sales(b) 11.3 11.0 10.3 9.9 9.3 6%
International
KFC Company sales $ 1.7 $ 1.5 $ 1.2 $ 1.1 $ 1.1 8%
Franchisee sales(b) 4.6 3.9 3.8 3.9 3.5 10%
Pizza Hut Company sales $ 0.6 $ 0.6 $ 0.6 $ 0.6 $ 0.7 (1%)
Franchisee sales(b) 2.4 2.2 2.0 2.0 1.9 6%
Taco Bell Company sales $ — $ — $ — $ — $ — NM
Franchisee sales(b) 0.1 0.2 0.1 0.1 0.1 3%
Long John Silver’s(c) Company sales $ — $ — NM
Franchisee sales(b) — — NM
A&W(c) Company sales $ — $ — NM
Franchisee sales(b) 0.1 — NM
Total International Company sales $ 2.3 $ 2.1 $ 1.8 $ 1.7 $ 1.8 5%
Franchisee sales(b) 7.2 6.3 5.9 6.0 5.5 8%
Worldwide
Company sales $ 7.4 $ 6.9 $ 6.1 $ 6.3 $ 7.0 (3%)
Franchisee sales(b) 18.5 17.3 16.2 15.9 14.8 7%
(a) Compounded annual growth rate; totals for U.S., International and Worldwide exclude the impact of Long John Silver’s and A&W.
(b) Franchisee sales represents the combined estimated sales of unconsolidated affiliate and franchise and license restaurants. Franchisee sales, which are not included in our
Company sales, generate franchise and license fees (typically at rates between 4% and 6%) that are included in our revenues.
(c) Beginning May 7, 2002, includes Long John Silver’s and A&W, which were added when we acquired Yorkshire Global Restaurants, Inc.
30.
China has achieved
double-digit system sales
growth for the
fifth consecutive year.