百胜餐饮集团YUM! Brands, Inc. (YUM) 2008年年度报告「NYSE」.pdf

1、Financial HigHligHts (In millions,except for per share amounts)Year-end 2008 2007%B/(W)changeCompany sales$9,843$9,100 8 Franchise and license fees 1,436 1,316 9 Total revenues$11,279$10,416 8 Operating profit$1,506$1,357 11 Net income$964$909 6 Diluted earnings per common share$1.96$1.68 17 Cash fl

2、ows provided by operating activities$1,521$1,551 (2)average U.s.sales per system Unit(a)(In thousands)Year-end 2008 2007 2006 2005 2004 5-year growth(b)KFC$967$994$977$954$896 2%Pizza Hut 854 825 794 810 794 3%Taco Bell 1,241 1,120 1,176 1,168 1,069 4%(a)Excludes license units.(b)Compounded annual g

3、rowth rate.contentsDear Partners.13Winning Big in China!.45Building Strong Brands Everywhere.67Improving US Brand Positions.89Driving Long-Term Shareholder Value.10Going for Breakthrough .11 aboUt tHe paper Used For tHis report The inks used in the printing of this report contain an average of 25%-3

4、5%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 12 pages of this report were printed using FSC-certified paper made with 50%recycled content including 24%post-consumer wast

5、e.dear partners,Im sure you would agree that a company gets the best results and the best people when it is in pursuit of greatness.After all,when given a choice,who in the world really wants to wake up every day,go to work and muddle in mediocrity when you have a chance to be a part of something sp

6、ecial.Thats why Im proud to report that our people are pumped up about pUtting tHe pieces in place to become tHe deFining global company tHat Feeds tHe World.david c.novaK cHairman and cHieF eXecUtive oFFicer yUm!brands,inc.Now I also know this all could sound like a pipe dream if you didnt have a t