Pizza Hut 2008 Annual Report Download - page 155
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33
(b) In our fiscal quarter ended March 22, 2008, we sold our interest in our unconsolidated affiliate in Japan. While
we will no longer have an ownership interest in the entity that operates both KFCs and Pizza Huts in Japan, it
will continue to be a franchisee as it was when it operated as an unconsolidated affiliate. See Note 5.
(c) On January 1, 2008, we began consolidating an entity in China in which we have a majority ownership interest.
This entity was previously accounted for as an unconsolidated affiliate and we reclassified the units accordingly.
See Note 5.
Multibrand restaurants are included in the totals above. Multibrand conversions increase the sales and points of
distribution for the second brand added to a restaurant but do not result in an additional unit count. Similarly, a new
multibrand restaurant, while increasing sales and points of distribution for two brands, results in just one additional unit
count. Franchise unit counts include both franchisee and unconsolidated affiliate multibrand units. Multibrand restaurant
totals were as follows:
2008 Company Franchise Total
U.S. 1,601 3,028 4,629
YRI
—
329 329
Worldwide 1,601 3,357 4,958
2007 Company Franchise Total
U.S. 1,750 1,949 3,699
YRI 6 284 290
Worldwide 1,756 2,233 3,989
For 2008 and 2007, Company multibrand unit gross additions were 251 and 86, respectively. For 2008 and 2007,
franchise multibrand unit gross additions were 830 and 283, respectively. There are no multibrand units in the China
Division.
Form 10-K