百胜餐饮集团YUM! Brands, Inc. (YUM) 2019年年度报告「NYSE」.pdf

1、UNLOCKING POTENTIALYUM!BRANDS 2019 ANNUAL REPORT HIGHLIGHTS(In millions,except for per share amounts)Year-end 2019 2018%B/(W)change Company sales$1,546$2,000 (23)Franchise and property revenues 2,660 2,482 7Franchise contributions for advertising and other services 1,391 1,206 15Total revenues$5,597

2、$5,688(2)Operating Profit$1,930$2,296 (16)Net Income$1,294$1,542 (16)Reported Diluted Earnings Per Common Share$4.14$4.69(12)Special Items Diluted Earnings Per Common Share(a).591.52 NMDiluted Earnings Per Common Share before Special Items(a)$3.55$3.17 12Net Cash Provided by Operating Activities fro

3、m$1,315$1,176 12(a)See our 2019 Form 10-K for further discussion of Special Items.David Gibbs,Chief Executive Officer Yum!Brands Inc.2019 was a truly historic year for Yum!.We successfully completed our three-year transformation and delivered on all of our bold commitments.Plus,we surpassed two mile

4、stones that are a testament to Yum!s incredible scale as we eclipsed$50 billion in system sales and marked the opening of our 50,000th restaurant.None of this would have been possible without our unrivaled culture and talent and over 2,000 franchisees who run 98%of our restaurants globally and emplo

5、y more than 1.5 million restaurant team members.Because of our journey to become more focused,franchised and efficient,we are well-positioned to accelerate growth and improve franchise unit economics over the long term.Our new Recipe for Growth and Good will Unlock our Potential and reflects the imp

6、ortance of collaboration as we continue to build the worlds most loved,trusted and fastest-growing brands.Our Recipe for Growth,using our four key growth drivers,is the foundation upon which our sustainable,long-term results are being built.These growth capabilities,outlined below,are the key driver