百胜餐饮集团YUM! Brands, Inc. (YUM) 2018年年度报告「NYSE」.pdf

1、A WORLD OF OPPORTUNITIESYUM!BRANDS 2018 ANNUAL REPORTYum!Brands,Inc.,trades under the symbol YUM and is proud to meet the listing requirements of the NYSE,the worlds leading equities market.A WORLD OF OPPORTUNITIES HIGHLIGHTS(In millions,except for per share amounts)Year-end 2018 2017%B/(W)change Co

2、mpany sales$2,000$3,572 (44)Franchise and property revenues 2,482 2,306 8Franchise contributions for advertising and other services 1,206 NMTotal revenues$5,688$5,878(3)Operating Profit$2,296$2,761 (17)Net Income$1,542$1,340 15Reported Diluted Earnings Per Common Share from Continuing Operations$4.6

3、9$3.77 24Special Items Diluted Earnings Per Common Share(a)1.520.81 NMDiluted Earnings Per Common Share from Continuing Operations before Special Items(a)$3.17$2.96 7Net Cash Provided by Operating Activities from Continuing Operations$1,176$1,030 14(a)See our 2018 Form 10-K for further discussion of

4、 Special Items.2018 was another year of celebrating and achieving milestones.Our diverse portfolio of iconic brands generated over$49 billion in system sales and ended the year with over 48,000 global restaurants.Combined across our brands and led by over 2,000 world-class franchisees,we opened a re

5、cord of eight gross new restaurants per day.Additionally,we made significant progress on our transformation commitments,having achieved our goal of becoming at least 98 percent franchised.Focus on our growth drivers,increased collaboration and a new mindset are clearly fueling improved results.Our f

6、our growth drivers are the foundation on which our sustainable,long-term results are being built.These growth capabilities,outlined below,are the key drivers of same-store sales and net-new unit growth and serve as our guiding principles in all business decisions.1.Distinctive,Relevant&Easy Brands.W