Yum! Brands, Inc., based in Louisville, Kentucky, is the world's largest restaurant company in terms of system restaurants with over 39,000 restaurants in more than 130 countries and territories. Yum! is ranked #201 on the Fortune 500 List with revenues of over $13 billion in 2012. The Company's restaurant brands - KFC, Pizza Hut and Taco Bell - are the global leaders of the chicken, pizza and Mexican-style food categories. Outside the United States, the Yum! Brands system opened over five new restaurants per day, making it a leader in international retail development. The Yum! system is comprised of company-owned restaurants (about 20% of the system) and franchised or licensed restaurants and operations (about 80% of the system). Yum! Brands does not own or operate its franchised or licensed units.
The Yum! system includes four operating segments: U.S., International (Yum! Restaurants International), China and India Divisions. Outside the United States in 2011, the Yum! system opened approximately four new restaurants each day of the year, making it a leader in international retail development.
At Yum! we're building a vibrant global business by focusing on four key business strategies:
- Build leading brands across China in every significant category
- Drive aggressive international expansion and build strong brands everywhere
- Dramatically improve U.S. brand positions, consistency and returns
- Drive industry-leading, long-term shareholder and franchisee value
Results for 2011 reaffirmed our consistent record of success with 14 percent Earnings Per Share (EPS) growth, which marks the tenth straight year we delivered at least 13% growth and exceeded our 10% EPS growth target. For the full year 2011, we opened a record 1,561 new restaurants outside the U.S. and grew worldwide system sales by 7% prior to foreign currency translation. Importantly, we expanded our Return on Investment Capital (ROIC) to over 22% and continued to be an industry leader.
We're proud of the unique culture we've built, one that's filled with energy, opportunity, and fun. We believe in our people, trust in their positive intentions, encourage ideas from everyone, and have actively developed a workforce that is diverse in style and background. Yum! is a place where anyone can, and does, make a difference.