百胜餐饮集团YUM! Brands, Inc. (YUM) 2009年年度报告「NYSE」.pdf

1、powertheofYum!Brands 2009 Annual Customer Mania Report building the definingglobal company that feeds the worldFinancial Highlights(In millions,except for per share amounts)Year-end 2009 2008%B/(W)changeCompany sales$9,413$9,843 (4)Franchise and license fees and income 1,423 1,461 (3)Total revenues$

2、10,836$11,304(4)Operating profit$1,590$1,517 5 Net income Yum!Brands,Inc.$1,071$964 11 Diluted earnings per common share$2.22$1.96 13 Cash flows provided by operating activities$1,404$1,521 (8)Average US Sales per System Unit(a)(In thousands)Year-end 2009 2008 2007 2006 2005 5-year growth(b)KFC$960$

3、967$994$977$954 1%Pizza Hut 786 854 825 794 810 Taco Bell1,229 1,241 1,120 1,176 1,168 3%(a)Excludes license units.(b)Compounded annual growth rate.ContentsDear Partners.1Winning Big in China!.23Building Strong Brands Everywhere.45Improving US Brand Positions.68Driving Long-Term Shareholder Value.9B

4、ecoming the Defining Global Company .10-12 About the pAper used for this reportTheinksusedintheprintingofthisreportcontainanaverageof25%-35%vegetableoilsfromplantderivatives,arenewableresource.Theyreplacepetroleumbasedinksasanefforttoalsoreducevolatileorganiccompounds(VOCs).Thecoverandfirst12pagesof

5、thisreportwereprintedusingFSC-certifiedpapermadewith50%recycledcontentincluding24%post-consumerwaste.David C.Novak Chairman&Chief Executive Officer Yum!Brands,Inc.The substance starts with the power of Yum!Brands to deliver consistently strong results,even in tough economic and macro environments li

6、ke we faced in 2009.Thats why Im especially pleased to report we achieved 13%Earnings Per Share(EPS)growth,marking the eighth consecutive year that we exceeded our annual target of at least 10%and achieved at least 13%.We grew worldwide system sales 1%prior to foreign currency translation and once a