2000 Annual Report - Yum!

Last year, Tricon
International opened
a record 929 new
traditional restaurants
around the
world, and we plan
to open about the
same number of
stores in 2001.
International System
Sales by Brand
KFC 67%
Taco Bell 2%
Pizza Hut 31%
International
“2000 was a year of growth,
growth, growth for our interna-
tional business! We opened 929
traditional restaurants around
the world, grew operating profit
to $309 million, up 16% from
1999, and improved interna-
tional system sales by 6%. And
we did it while achieving solid G&A reduction
and margin improvement.
“Our big international winners were Greater
China, which increased profits a whopping 47%,
and our KFC United Kingdom and Pizza Hut Korea
businesses, which each increased profits by 25%.
“We also boosted the global popularity of our
food, scoring big wins with the debut of Pizza Hut’s
Stuffed Crust pizza in Malaysia and the Philippines,
and the continuing success of KFC’s Twister in Australia
and Korea. In Asia, we launched two delicious
new product variants, Honey Mustard
Twister and Spicy Twister, which are helping
to drive strong sales growth in the region.
Pete Bassi
President
Peter Hearl
Executive Vice President
Pizza Hut and KFC
are world leaders in
the pizza and
chicken categories,
and we believe we’ll
drive consistent
profit growth from
here on out, as seen
by a 47% increase in
Greater China and
25% profit growth in
the United Kingdom.