Pizza Hut 2008 Annual Report Download - page 2
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Financial HigHligHts
(In millions, except for per share amounts)
Year-end 2008 2007 % B/(W) change
Company sales $ 9,843 $ 9,100 8
Franchise and license fees 1,436 1,316 9
Total revenues $ 11,279 $ 10,416 8
Operating profit $ 1,506 $ 1,357 11
Net income $ 964 $ 909 6
Diluted earnings per common share $ 1.96 $ 1.68 17
Cash flows provided by operating activities $ 1,521 $ 1,551 (2)
average U.s. sales per system Unit (a)
(In thousands)
Year-end 2008 2007 2006 2005 2004 5-year growth (b)
KFC $ 967 $ 994 $ 977 $ 954 $ 896 2%
Pizza Hut 854 825 794 810 794 3%
Taco Bell 1,241 1,120 1,176 1,168 1,069 4%
(a) Excludes license units.
(b) Compounded annual growth rate.
contents
Dear Partners .......................................................................1–3
Winning Big in China! .............................................................4–5
Building Strong Brands Everywhere ..................................... 6–7
Improving US Brand Positions ..................................................8–9
Driving Long-Term Shareholder Value........................................ 10
Going for Breakthrough ............................................................. 11
aboUt tHe paper Used For tHis report
The inks used in the printing of this report contain an average of 25% - 35% vegetable oils from plant
derivatives, a renewable resource. They replace petroleum based inks as an effort to also reduce
volatile organic compounds (VOCs).
The cover and rst 12 pages of this report were printed using FSC-certied paper made with 50%
recycled content including 24% post-consumer waste.