Pizza Hut 2006 Annual Report Download - page 13

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Our International Division (YRI) had one of its best years ever in 2006!
Operating profits were $407 million, up an impressive 12%* over prior year and
system sales grew a record 9%* thanks to innovative marketing, improved opera-
tions and profitable new unit expansion. Net restaurants grew 3% as we opened
785 new traditional restaurants, the seventh consecutive year over 700!
As pleasing as these results may be, there is even more cause for excitement
as we continue to invest behind the huge growth potential of our international
business. For instance, in India, Yum! is now the largest and fastest growing
restaurant company. Ten new KFCs and 17 new Pizza Huts were added in this
vibrant economy in 2006 and the unit volumes have been very encouraging.
Our Russia business is progressing nicely as well. Thirty units were converted to
the Rostik/KFC brand and the menu changes were enthusiastically welcomed by
consumers. The KFC France business continues to grow and enjoys the highest
unit volumes of any KFC business in the world. Good progress has also been
made on plans to further expand Taco Bell in our international markets.
YRI is an extraordinary growth story. The combination of powerhouse brands,
true global scale, a large, diverse and experienced organization and a track
record of consistent growth makes YRI a truly exceptional restaurant company.
More important, no one is better positioned to exploit the massive opportunities
created by the economic expansion occurring all over the world. You can count
on us to go after these opportunities with a vengeance.
around the
world!
Going for
greatness
Graham Allan
President, Yum! Restaurants
International
12 *In local currency and excluding the 53rd week.