Pizza Hut 2011 Annual Report Download - page 10
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Across the globe, we have and will continue
to execute against the following strategies:
1
Build leading brands in China
in every significant category.
2
Drive aggressive International expansion
and build strong brands everywhere.
3
Dramatically improve U.S. brand
positions, consistency and returns.
4
Drive industry-leading, long-term
Shareholder & Franchisee value.
Our success in executing these strategies has driven our return on invested capital
over 22%, at the top with industry leaders. We generated over $2 billion cash from
operations in 2011. We’re fortunate to have many high-return, global opportunities to
invest in for future growth. We will also continue to return cash to shareholders. 2011
marked the 7th consecutive year we raised our dividend at a double-digit percentage
rate. We also repurchased $733 million of our stock in 2011.
8