百胜餐饮集团YUM! Brands, Inc. (YUM) 2013年年度报告「NYSE」.pdf

1、On the GrOund FlOOr OF GlObal GrOwthYum!Brands 2013 Customer Mania Report4,800,000,000 transactions1,900,000,000 dollars in franchise fees1,500,000 associates40,000 restaurants1,952 new international restaurants128 countries3 powerful brandsthe pOwer OF Financial Highlights (In millions,except for p

2、er share amounts)Year-end 2013 2012%B/(W)changeCompany sales$11,184$11,833 (5)Franchise and license fees and income 1,900 1,800 6 Total revenues$13,084$13,633(4)Operating Profit$1,798$2,294 (22)Net Income Yum!Brands,Inc.$1,091$1,597 (32)Diluted Earnings Per Common Share before Special Items(a)$2.97$

3、3.25(9)Special Items Earnings Per Common Share(a)(0.61)0.13 NMReported Diluted Earnings Per Common Share$2.36$3.38 (30)Cash Flows Provided by Operating Activities$2,139$2,294(7)(a)See CR 23 of our 2013 Form 10-K for further discussion of Special Items.ContentsDear Partners.1China.26India.7Yum!Restau

4、rants International.8-9U.S.10-11 Summary.12-13 Company with a Huge Heart.14 Yum!Future Back Vision.15 Yum!Dynasty Growth Model.16About the pAper used for this report The inks used in the printing of this report contain an average of 25%-35%vegetable oils from plant derivatives,a renewable resource.T

5、hey replace petroleum based inks as an effort to also reduce volatile organic compounds(VOCs).The cover and first 16 pages of this report were printed using FSC-certified paper made with 50%recycled content including 24%post-consumer set forth on the prior page are system-wide numbers,which include

6、company and franchisee transactions,restaurants and associates.david C.Novak Chairman&Chief Executive Officer,Yum!Brands,Inc.Dear Partners,2013 was clearly a challenging year,as full-year EPS declined 9%to$2.97 per share,excluding special items.While these results were driven by the underperformance