Pizza Hut 2010 Annual Report Download - page 138

41
YRI
2010 vs. 2009
Income / (Expense)
2009
Store
Portfolio
Actions Other FX 2010
Company sales $2,323 $
(
49
)
$
(
10
)
$ 83 $ 2,347
Cost of sales
(
758
)
19 17
(
31
)
(
753
)
Cost of labor
(
586
)
20
(
8
)
(
17
)
(
591
)
Occupancy and other
(
724
)
21
—
(
24
)
(
727
)
Restaurant
p
rofi
t
$
255
$
11
$
(
1
)
$
11
$
276
Restaurant margin 10.9 % 11.7
%
2009 vs. 2008
Income / (Expense)
2008
Store
Portfolio
Actions Other FX 2009
Company sales $2,657 $ 42 $ 22 $ (398) $ 2,323
Cost of sales
(
855
)
(
17
)
(
15
)
129
(
758
)
Cost of labor
(
677
)
(
8
)
(
1
)
100
(
586
)
Occupancy and other
(
834
)
(
12
)
(
5
)
127
(
724
)
Restaurant
p
rofi
t
$
291
$
5
$
1
$
(
42
)
$
255
Restaurant margin 10.9 % 10.9
%
In 2010, the decrease in YRI Company sales associated with store portfolio actions was driven by refranchising, primarily
KFC Taiwan, partially offset by new unit development. The increase in Restaurant profit associated with store portfolio
actions was driven by new unit development partially offset by refranchising. Another significant factor impacting
Restaurant profit during the year was labor inflation. Company same store sales were flat for the year.
In 2009, the increase in YRI Company sales and Restaurant profit associated with store portfolio actions was driven by
new unit development partially offset by refranchising and closures. Significant other factors impacting Company sales
and/or Restaurant profit were Company same store sales growth of 1% due to higher average guest check and commodity
inflation.
Form 10-K