Pizza Hut 2010 Annual Report Download - page 107

10
Employees
As of year end 2010, the Company and its Concepts employed approximately 378,000 persons, approximately 86 percent
of whom were part-time. Approximately 17 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 and its Concepts consider their
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 23; Management’s Discussion and
Analysis of Financial Condition and Results of Operations (“MD&A”) in Part II, Item 7, pages 25 through 59; and in the
related Consolidated Financial Statements and footnotes in Part II, Item 8, pages 61 through 124.
(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 our forward-looking statements and historical trends.
Food safety and food-borne illness concerns may have an adverse effect on our business.
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 Concept restaurants, including
restaurants operated by our franchisees, 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 customers of our Concepts or franchisees become ill from food-borne illnesses, we and our franchisees may
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.
Form 10-K