Tim Jerzyk Vice President Investor Relations - Yum!

Yum! Brands, Inc.Consolidated Summary of Results(amounts in millions, except per share amounts)Quarter % Change Year to date % Change6/17/06 6/11/05 B/(W) 6/17/06 6/11/05 B/(W)Company sales $ 1,912 $ 1,902 1 $ 3,731 $ 3,712 1Franchise and license fees 270 251 7 536 495 8Total revenues 2,182 2,153 1 4,267 4,207 1Costs and expensesFood and paper 583 600 3 1,140 1,174 3Payroll and employee benefits 492 506 3 969 992 2Occupancy and other operating expenses 536 530 (1) 1,037 1,021 (2)Company restaurant expenses 1,611 1,636 2 3,146 3,187 1General and administrative expenses 264 273 3 518 520 —Franchise and license expenses 9 4 (120) 17 12 (41)Closures and impairment expenses 18 17 NM 24 26 NMRefranchising (gain) loss (15) (13) NM (11) (11) NMOther (income) expense (12) (25) (53) (16) (39) (58)Wrench litigation (income) expense — — NM — — NMAmeriServe and other charges (credits) — — NM — — NMTotal costs and expenses 1,875 1,892 1 3,678 3,695 —Operating profit 307 261 18 589 512 15Interest expense, net 36 30 (25) 71 58 (23)Income before income taxes 271 231 17 518 454 14Income tax provision 79 53 (47) 156 123 (26)Net income $ 192 $ 178 8 $ 362 $ 331 9Effective tax rate 29.0% 23.0% 30.1% 27.1%Basic EPS DataEPS $ 0.71 $ 0.62 14 $ 1.32 $ 1.14 16Average shares outstanding 272 288 6 274 290 5Diluted EPS DataEPS $ 0.68 $ 0.59 15 $ 1.28 $ 1.09 17Average shares outstanding 281 301 7 284 303 6Dividends declared per common share $ 0.15 $ 0.115 30 $ 0.265 $ 0.215 23Please note that the results for all periods presented include the negative impact of expensing stock options and stock appreciation rights.See accompanying notes10