百胜餐饮集团YUM! Brands, Inc. (YUM) 1999年年度报告「NYSE」.pdf

1、1999 annual reportthe power of YUMthe power of YUMfinancial highlights($in millions,except for unit and share data)Number of stores:19991998%changeCompany6,9818,397(17)%Affiliates1,1781,1205%Franchisees18,41416,65011%Licensees3,4093,596(5)%System29,98229,7631%System sales(rounded)21,80020,6006%Compa

2、ny revenues7,8228,479(8)%Ongoing operating profit88176815%Accounting changes29NMFacility actions net gain38127538%Unusual items(51)(15)NMOperating profit1,2401,02821%Net income62744541%Diluted earnings per common share$3.92$2.8438%Diluted ongoing operating earnings per common share$2.58$1.8341%Cash

3、flows provided by:Operating activities565674(16)%Refranchising proceeds91678417%average U.S.sales per system unit$in thousands(Compounded annual growth rates)5-year 199919981997199619951994growthKFC$837$817$786$775$733$7063%Pizza Hut6966456306206516342%Taco Bell918931902886925953(1)%worldwide system

4、 sales$in billions(Compounded annual growth rates)5-year199919981997199619951994growthKFC4.34.24.03.93.73.54%Pizza Hut5.04.84.74.95.14.9Taco Bell5.25.04.84.64.44.24%Total U.S.14.514.013.513.413.212.63%Total Intl7.36.67.06.96.55.65%Total21.820.620.520.319.718.24%our passionis to put a yum on peoples

5、faces around the worldwe offer that special eating experience that makes you smileand creates lifelong customers.And well do that with:food you crave,comeback value,andcustomer-focused teams.Our jobs are the best in the worldfor people who are committed to quality food andsatisfying customers better

6、 than anyone else.2 letter to shareholders7 our formula for success8 people capability first12 satisfied customers follow20 then we make more money22 tricon facts24 financials1On the Cover:Three Restaurant General Managers,our#1 Leaders,demonstrating our Passion the way we startall of our major syst