Pizza Hut 2005 Annual Report Download - page 26

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of฀results
฀
world
WORLDWIDE฀SALES
฀ ฀ ฀ ฀ ฀ ฀ 5-Year฀
(in฀billions)฀ 2005฀ 2004฀ 2003฀ 2002฀ 2001฀ Growth(a)
UNITED฀STATES
KFC฀ ฀ ฀ ฀
Company฀sales฀ $฀ 1.4฀ $฀ 1.4฀ $฀ 1.4฀ $฀ 1.4฀ $฀ 1.4฀ –฀
Franchisee฀sales(b)฀ ฀ 3.8฀ ฀ 3.6฀ ฀ 3.5฀ ฀ 3.4฀ ฀ 3.3฀ 5%
PIZZA฀HUT฀ ฀ ฀ ฀
Company฀sales฀ $฀ 1.6฀ $฀ 1.6฀ $฀ 1.6฀ $฀ 1.5฀ $฀ 1.5฀ (2)%
Franchisee฀sales(b)฀ ฀ 3.7฀ ฀ 3.6฀ ฀ 3.5฀ ฀ 3.6฀ ฀ 3.5฀ 3%
TACO฀BELL฀ ฀ ฀ ฀
Company฀sales฀ $฀ 1.8฀ $฀ 1.7฀ $฀ 1.6฀ $฀ 1.6฀ $฀ 1.4฀ 6%
Franchisee฀sales(b)฀ ฀ 4.4฀ ฀ 4.0฀ ฀ 3.8฀ ฀ 3.6฀ ฀ 3.5฀ 3%
LJS(C)฀ ฀ ฀ ฀
Company฀sales฀ $฀ 0.5฀ $฀ 0.5฀ $฀ 0.5฀ $฀ 0.3฀ ฀ –฀ NM
Franchisee฀sales(b)฀฀ 0.3฀ ฀ 0.3฀ ฀ 0.3฀ ฀ 0.2฀ ฀ –฀ NM
A&W(C)฀ ฀ ฀ ฀
Company฀sales฀ $฀ –฀ $฀ –฀฀฀ $฀ –฀฀฀ $฀ –฀฀฀ ฀ –฀ NM
Franchisee฀sales(b)฀ ฀ 0.2฀ ฀ 0.2฀ ฀ 0.2฀ ฀ 0.2฀ ฀ –฀ NM
TOTAL฀U.S.฀ ฀ ฀ ฀
Company฀sales฀ $฀ 5.3฀ $฀ 5.2฀ $฀ 5.1฀ $฀ 4.8฀ $฀ 4.3฀ 1%
Franchisee฀sales(b)฀฀ 12.4฀ ฀ 11.7฀ ฀ 11.3฀ ฀ 11.0฀ ฀ 10.3฀ 4%
INTERNATIONAL฀ ฀ ฀ ฀
KFC฀ ฀ ฀ ฀
Company฀sales฀ $฀ 1.1฀ $฀ 1.0฀ $฀ 0.9฀ $฀ 0.9฀ $฀ 0.7฀ 6%
Franchisee฀sales(b)฀ ฀ 5.2฀ ฀ 4.7฀ ฀ 4.1฀ ฀ 3.6฀ ฀ 3.5฀ 9%
PIZZA฀HUT฀ ฀ ฀ ฀
Company฀sales฀ $฀ 0.6฀ $฀ 0.7฀ $฀ 0.5฀ $฀ 0.5฀ $฀ 0.5฀ 3%
Franchisee฀sales(b)฀ ฀ 3.0฀ ฀ 2.6฀ ฀ 2.4฀ ฀ 2.2฀ ฀ 2.0฀ 9%
TACO฀BELL฀ ฀ ฀ ฀
Company฀sales฀ $฀ –฀฀฀ $฀ –฀฀฀ $฀ –฀฀฀ $฀ –฀฀฀ $฀ –฀฀฀ NM
Franchisee฀sales(b)฀ ฀ 0.2฀ ฀ 0.2฀ ฀ 0.1฀ ฀ 0.2฀ ฀ 0.1฀ 12%
LJS(C)฀ ฀ ฀ ฀
Company฀sales฀ ฀ –฀ ฀ –฀ ฀ –฀ ฀ –฀ ฀ –฀ NM
Franchisee฀sales(b)฀ ฀ –฀ ฀ –฀ ฀ –฀ ฀ –฀ ฀ –฀ NM
A&W(C)฀ ฀ ฀ ฀
Company฀sales฀ ฀ –฀ ฀ –฀ ฀ –฀ ฀ –฀ ฀ –฀ NM
Franchisee฀sales(b)฀ ฀ 0.1฀ ฀ 0.1฀ ฀ 0.1฀ ฀ –฀ ฀ –฀ NM
TOTAL฀INTERNATIONAL฀ ฀ ฀ ฀
Company฀sales฀ $฀ 1.7฀ $฀ 1.7฀ $฀ 1.4฀ $฀ 1.4฀ $฀ 1.2฀ 5%
Franchisee฀sales(b)฀ ฀ 8.5฀ ฀ 7.6฀ ฀ 6.7฀ ฀ 6.0฀ ฀ 5.6฀ 9%
CHINA฀ ฀ ฀ ฀
KFC฀ ฀ ฀ ฀
Company฀sales฀ $฀ 1.0฀ $฀ 0.9฀ $฀ 0.8฀ $฀ 0.6฀ $฀ 0.5฀ 21%
Franchisee฀sales(b)฀ ฀ 0.7฀ ฀ 0.6฀ ฀ 0.5฀ ฀ 0.3฀ ฀ 0.3฀ 13%
PIZZA฀HUT฀ ฀ ฀ ฀
Company฀sales฀ $฀ 0.2฀ $฀ 0.2฀ $฀ 0.1฀ $฀ 0.1฀ $฀ 0.1฀ NM
Franchisee฀sales(b)฀ ฀ –฀฀ ฀ –฀฀ ฀ –฀฀ ฀ –฀฀ ฀ –฀฀ NM
TOTAL฀CHINA฀ ฀ ฀ ฀
Company฀sales฀ $฀ 1.2฀ $฀ 1.1฀ $฀ 0.9฀ $฀ 0.7฀ $฀ 0.6฀ 24%
Franchisee฀sales(b)฀ ฀ 0.7฀ ฀ 0.6฀ ฀ 0.5฀ ฀ 0.3฀ ฀ 0.3฀ 13%
TOTAL฀WORLDWIDE฀ ฀ ฀ ฀
Company฀sales฀ $฀ 8.2฀ $฀ 8.0฀ $฀ 7.4฀ $฀ 6.9฀ $฀ 6.1฀ 4%
Franchisee฀sales(b)฀฀ 21.6฀ ฀ 19.9฀ ฀ 18.5฀ ฀ 17.3฀ ฀ 16.2฀ 6%
(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.
A
2005฀demonstrated฀the฀power฀of฀Yum!’s฀global฀portfolio.฀In฀2005,฀we฀had฀sales฀issues฀in฀China฀and฀
high฀U.S.฀commodity฀cost฀increases฀during฀the฀first฀half฀of฀the฀year.฀Despite฀this,฀EPS฀grew฀13%.฀We฀
were฀able฀to฀achieve฀these฀results฀because฀of฀strong฀Taco฀Bell฀and฀KFC฀performance฀in฀the฀U.S.฀and฀
another฀strong฀year฀at฀Yum!฀Restaurants฀International.฀We฀also฀benefited฀from฀stock฀repurchases฀
that฀were฀supported฀by฀the฀$1฀billion฀of฀operating฀cash฀flow฀that฀we฀generate.฀We฀have฀now฀achieved฀
double-digit฀EPS฀growth฀for฀four฀straight฀years฀and฀are฀all฀working฀hard฀to฀build฀upon฀this฀consistent฀
record฀of฀performance฀to฀show฀the฀world฀that฀“We’re฀Not฀Your฀Ordinary฀Restaurant฀Company.”฀
Rick฀Carucci,฀CHIEF฀FINANCIAL฀OFFICER,฀YUM!฀BRANDS,฀INC.
Global฀Facts