百胜餐饮集团YUM! Brands, Inc. (YUM) 2010年年度报告「NYSE」.pdf

1、On The Ground Floor of Global GrowthBuilding The Defining Global Company That Feeds the WorldYum!Brands 2010 Annual Customer Mania ReportFinancial Highlights (In millions,except for per share amounts)Year-end 2010 2009%B/(W)changeCompany sales$9,783$9,413 4 Franchise and license fees and income 1,56

2、0 1,423 10 Total revenues$11,343$10,836 5 Operating Profit$1,769$1,590 11 Net Income Yum!Brands,Inc.$1,158$1,071 8 Diluted Earnings Per Common Share before Special Items(a)$2.53$2.17 17Special Items Earnings Per Common Share(a)(0.15)0.05 NMReported Diluted Earnings Per Common Share$2.38$2.22 7 Cash

3、Flows Provided by Operating Activities$1,968$1,404 40(a)See page 29 of our 2010 Form 10-K for further discussion of Special Items.Average US Sales per System Unit(a)(In thousands)Year-end 2010 2009 2008 2007 2006 5-year growth(b)KFC$933$960$967$994$977 Pizza Hut 855 786 854 825 794 1%Taco Bell 1,288

4、 1,255 1,265 1,147 1,178 2%(a)Excludes license units.(b)Compounded annual growth rate.ContentsDear Partners.1Winning Big in China!.45Building Strong Brands Everywhere.67Improving US Brand Positions.89Driving Long-Term Shareholder Value.10ABouT The pApeR useD foR This RepoRT The inks used in the prin

5、ting of this report contain an average of 25%-35%vegetable oils from plant derivatives,a renewable resource.They replace petroleum based inks as an effort to also reduce volatile organic compounds(VOCs).The cover and first 14 pages of this report were printed using FSC-certified paper made with 50%r

6、ecycled content including 24%post-consumer waste.Board of DirectorsDavid C.Novak 58 Chairman,Chief Executive Officer and President,Yum!Brands,Inc.Jing-Shyh S.(“Sam”)Su 58 Vice Chairman,Yum!Brands,Inc.Chairman and Chief Executive Officer,Yum!Restaurants ChinaDavid W.Dorman 57 Non-Executive Chairman,M