Pizza Hut 2014 Annual Report Download - page 8

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Globally our KFC business model is incredibly strong.
I love the combination of being the emerging markets
leader, being franchise led and having a line of sight to
double-digit operating profit growth well into the future.
KFC delivered a strong year of system sales growth led
by emerging markets like Russia, Africa and Thailand and
international developed markets like the UK, Continental
Europe and Australia. Demonstrating its global power as
an iconic brand, KFC set a new record for international
development, opening nearly 670 restaurants. The new
news for KFC is the U.S. business is performing much
better. The KFC U.S. business grew same-store sales 6% in
the 4th quarter and is poised for its best year in some time.
All of this sets up the KFC division for a solid 2015.
As strong as the global business is, I know it can be even
better. Our assets are underleveraged. We’re going to
remedy this by expanding operating hours, leveraging
digital and strengthening the core. We also expect the
recent improved performance in the U.S. to continue.
Micky Pant, our KFC CEO, deserves a lot of credit for
breakthrough leadership of this iconic brand. And with its
brand positioning of Always Original, I’m confident the best
is yet to come.
KFC DIVISION
Turkey
Paraguay
Italy
Opened Nearly
670
International
Units in 2014
KFC is a new reporting division and includes all KFC
results outside of the China and India divisions.
6