Pizza Hut 2005 Annual Report Download - page 12

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Our International Division (YRI) continues to set new records in terms
of operating profits, franchisee sales and franchise and license fees.
In 2005, we generated over $370 million in operating profit — up 11%
over last year — and set a record with franchise sales of $8.5 billion
along with franchise and license fees of $448 million. We also achieved
$2 billion in revenues and opened 780 new restaurants. That brings us
to our impressive 11,319 units outside of the U.S. and China Division,
with a presence in over 100 countries and territories. Now that’s a world
of opportunity!
System sales grew by 6% in local currency, partly due to unit expansion
and partly to innovative marketing calendars which boosted sales across
each of the brands. The consistent track record of growth, together
with the broad base of our global business, inspires huge confidence
for the future. This is the sixth successive year of 700+ new units and
at least 5% system sales growth in local currency. YRI opened new
units in more than 60 countries. Of those units, 93% were opened by
our franchise and joint-venture partners. Sales growth was strong too,
especially so in several rapidly developing regions where our brands
are firmly entrenched but where we still see significant potential for
further expansion.
Graham Allan
PRESIDENT,
YUM! RESTAURANTS
INTERNATIONAL
international
growth
world of
A
Open
12. | Yum! Brands, Inc.