Pizza Hut 2009 Annual Report Download - page 118
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Details of our 2010 Guidance by division can be found online at http://www.yum.com.
2009 Highlights
x Diluted EPS growth of 13% or $2.17 per share, excluding Special Items.
x Worldwide system sales growth of 1% prior to foreign currency translation.
x Worldwide revenue declined 4% driven by foreign currency translation and refranchising.
x International development of 1,467 new restaurants including 509 in mainland China and 898 in YRI.
x Worldwide Operating Profit growth of 9% prior to foreign currency translation and Special Items, including growth
of 23% in the China Division, 5% in YRI and 1% in the U.S. After foreign currency translation, but prior to Special
Items, worldwide Operating Profit growth was 6%.
x Worldwide restaurant margin improved by 1.7 percentage points driven by the China Division and the U.S.
x Diluted EPS growth was negatively impacted by approximately $0.07 per share due to foreign currency translation
that was fully offset by lower interest expense and a lower tax rate.
Form 10-K