百胜餐饮集团YUM! Brands, Inc. (YUM) 2006年年度报告「NYSE」.pdf

1、Yum!Brands2006 Annual Customer Mania ReportYum!around theGoing forgreatnessglobe!TABLE OF CONTENTS16 Dear Partners8 Going for Greatness in China!12 Going for Greatness Around the World!16 Great Restaurants Start with Great Brands!20 KFC:Chicken Capital U.S.A.22 Taco Bell:Think Outside the Bun24 Pizz

2、a Hut:Americas Favorite Pizza26 Long John Silvers and A&W All American Food2729 A Great Culture Starts with Great People!:CHAMPS3032 Great Results!:Financial Review3384 FinancialsINBC Doing Great Things for Our Community!FINANCIAL HIGHLIGHTS(In millions,except for per share amounts)%B/(W)Year-end200

3、62005changeCompany sales$8,365$8,225 2Franchise and license fees1,196 1,124 7Total revenues$9,561$9,3492Operating profit$1,262$1,1539Net income$824$7628Diluted earnings per common share$2.92$2.55 14Cash flows provided by operating activities$1,302$1,2385AVERAGE U.S.SALES PER SYSTEM UNIT(a)(In thousa

4、nds)Year-end 2006 2005 2004 2003 2002 5-year growth(b)KFC$977$954$896$898$898 2%Pizza Hut794 810 794 748 748 2%Taco Bell1,176 1,168 1,069 1,005 964 6%(a)Excludes license units.(b)Compounded annual growth rate.Fueled by continued profitable international expansion,dynamic growth in China,and our stro

5、ng and stable U.S.cash generation,Im pleased to report we achieved 14%Earnings Per Share(EPS)growth in 2006.Thats the fifth straight year weve exceeded our+10%annual target,proving the underlying power of our global portfolio of leading brands enables us to deliver consistent double-digit EPS growth

6、.We also dem-onstrated our global growth by opening over 1,000 new restaurants outside of the U.S.for the sixth straight year in a row1,181 to be precise.Whats more,we are a proven global cash flow generator,provid-ing major shareholder payouts.Specifically,after investing$614 million in capital exp