Pizza Hut 2004 Annual Report Download - page 10
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Please find page 10 of the 2004 Pizza Hut annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.TheChinabusinesshascomealongwaysincewestartedour
firstKFCstoreinBeijingin1987.Today,wearebyfarthelargest
restaurantcompany—andapioneeroffranchising—inChina.
Andwe’veonlyjustbegun.Overthelastfouryearswe’vebeenadding
restaurants at a 22% growth rate—not many restaurant companies
in the world can say that. And we’re pulling away from our competi-
torswithincreasingmargins.Butwhyarewesosuccessful?Wehave
tremendousbrandingpower,ahighlyeducatedworkforce,anincredible
supply-chaininfrastructure,ownershipofthedistributionsystemand
finally,astrong,tenuredleadershipteamaveraging17
yearsofexperienceinthebusiness.Withapopulation
of5timesthatoftheUnitedStatesandarapidlydevel-
opingeconomy,theopportunitiesareunlimited.We’ve
onlyjustscratchedthesurface!
SAMSU,PRESIDENT,Yum!RESTAURANTSCHINA
OurChinaDivisionincludes:MainlandChina,ThailandandKFCTaiwan.
“China
power”
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