Pizza Hut 2009 Annual Report Download - page 101

10
Employees
As of year end 2009, the Company and its Concepts employed approximately 350,000 persons, approximately 86 percent
of whom were part-time. Approximately 21 percent of these employees are employed in the U.S. The Company believes
that it provides working conditions and compensation that compare favorably with those of its principal competitors. The
majority of employees are paid on an hourly basis. Some non-U.S. employees are subject to labor council relationships
that vary due to the diverse cultures in which the Company operates. The Company considers its employee relations to be
good.
(d) Financial Information about Geographic Areas
Financial information about our significant geographic areas (U.S., International Division and China Division) is
incorporated herein by reference from Selected Financial Data in Part II, Item 6, page 22; Management’s Discussion and
Analysis of Financial Condition and Results of Operations (“MD&A”) in Part II, Item 7, pages 24 through 58; and in the
related Consolidated Financial Statements and footnotes in Part II, Item 8, pages 59 through 116.
(e) Available Information
The Company makes available through the Investor Relations section of its internet website at www.yum.com its annual
report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed
or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act, as soon as reasonably practicable after electronically
filing such material with the Securities and Exchange Commission. Our Corporate Governance Principles and our Code
of Conduct are also located within this section of the website. The reference to the Company’s website address does not
constitute incorporation by reference of the information contained on the website and should not be considered part of this
document. These documents, as well as our SEC filings, are available in print to any shareholder who requests a copy
from our Investor Relations Department.
Item 1A. Risk Factors.
You should carefully review the risks described below as they identify important factors that could cause our actual
results to differ materially from those in our forward-looking statements and historical trends. These risks are not
exclusive, and our business and our results of operations could also be affected by other risks that we cannot anticipate or
that we do not consider material based on currently available information.
Food safety and food-borne illness concerns may have an adverse effect on our business.
Food safety is a top priority, and we dedicate substantial resources to ensure that our customers enjoy safe, quality food
products. However, food-borne illnesses, such as E. coli, hepatitis A, trichinosis or salmonella, and food safety issues
have occurred in the past, and could occur in the future. Any report or publicity linking us or one of our Concepts to
instances of food-borne illness or other food safety issues, including food tampering or contamination, could adversely
affect our Concepts’ brands and reputations as well as our revenues and profits. If our customers become ill from food-
borne illnesses, we could also be forced to temporarily close some restaurants. In addition, instances of food-borne
illness, food tampering or food contamination occurring solely at restaurants of competitors could adversely affect our
sales as a result of negative publicity about the foodservice industry generally. Food-borne illness, food tampering and
food contamination could also be caused by food suppliers or distributors and, as a result, could be out of our control. The
occurrence of food-borne illnesses or food safety issues could also adversely affect the price and availability of affected
ingredients, which could result in disruptions in our supply chain and/or lower margins for us and our franchisees.
Furthermore, like other companies in the restaurant industry, some of our products may contain genetically engineered
food products, and our U.S. suppliers are currently not required to label their products as such. Increased regulation of
and opposition to genetically engineered food products have on occasion and may in the future force the use of alternative
sources at increased costs and lower margins for us and our franchisees.
Form 10-K