Pizza Hut 2012 Annual Report Download - page 7

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In addition to the unprecedented opportunity in
China, we have tremendous growth opportunity
around the world. Consider this, we only have
about 2 restaurants per million people in the top
10 emerging markets, compared to 58 restaurants
per million in the U.S. In 2012, Yum! Restaurants
International (YRI) which includes all countries
outside the U.S., China and India Divisions, grew
system sales 5%, before foreign currency translation,
and developed a record 949 new units, with 65% of
them in emerging markets. It’s clear we are a leader
in emerging market development.
We made India a separate division in 2012 because
of the great potential of the country as well as our
strong local capability. The team is successfully
adapting the China business model for India to
leverage iconic brands with broad appeal. In its
first year as a standalone division, India was a
powerhouse developer of 138 new units, including
80 KFCs. This is the second year in a row we have
built more than 100 new units, and we expect that
number to grow as we build even more capability in
India. Our concepts appeal to a growing middle class
and youth looking for aspirational, affordable and
Drive aggressive, International expansion
and build strong brands everywhere.
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