DOCSLIB.ORG

Greatness Around the Globe!

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Greatness Around the Globe! Yum! Going for greatness around the globe! Yum! Brands 2006 Annual Customer Mania Report With 14% Earnings Per Share (EPS) growth in 2006, we’ve exceeded our +10% annual target for the fifth straight year, proving the underlying power of our global portfolio of leading brands delivers consistent growth! FINANCIAL HIGHLIGHTS Dear Partners, (In millions, except for per share amounts) % B/(W) Year-end 2006 2005 change Our internal rallying cry is to go Company sales $ 8,365 $ 8,225 2 Franchise and license fees 1,196 1,124 7 for greatness around the globe, Total revenues $ 9,561 $ 9,349 2 and while we have our challenges, Operating profit $ 1,262 $ 1,153 9 Net income $ 824 $ 762 8 I think you’ll see from this report Diluted earnings per common share $ 2.92 $ 2.55 14 that we are well on our way with Cash flows provided by operating activities $ 1,302 $ 1,238 5 a long runway ahead of us. Fueled by continued profitable international expansion, dynamic growth AVERAGE U.S. SALES PER SYSTEM UNIT(a) in China, and our strong and stable U.S. cash generation, I’m pleased to report we achieved 14% Earnings Per Share (EPS) growth in 2006. (In thousands) Year-end 2006 2005 2004 2003 2002 5-year growth(b) That’s the fifth straight year we’ve exceeded our +10% annual target, KFC $ 977 $ 954 $ 896 $ 898 $ 898 2% proving the underlying power of our global portfolio of leading brands Pizza Hut 794 810 794 748 748 2% enables us to deliver consistent double-digit EPS growth. We also dem- Taco Bell 1,176 1,168 1,069 1,005 964 6% onstrated our global growth by opening over 1,000 new restaurants outside of the U.S. for the sixth straight year in a row—1,181 to be (a) Excludes license units. (b)Compoundedannualgrowthrate. precise. What’s more, we are a proven global cash flow generator, provid- ing major shareholder payouts. Specifically, after investing $614 million in capital expenditures to grow our core business, we returned our free cash flow to shareholders with $1 billion in share repurchases— reducing our shares outstanding by 6%—and a 1% dividend yield (a total shareholder payout of 7% when considering dividends and reduc- tion in outstanding shares). Given this overall strong performance, our share price climbed 25% for the full year, and we’re especially gratified that our average annual return to shareholders is 15% for this decade. More importantly, we remain bullish about the future and are confident that we will continue to grow our EPS at least 10% each year. We have four powerfully unique strategies that bolster the sentiment that we are Not Your Ordinary Restaurant Company. Here’s how we’re going for greatness around the globe: David C. Novak Chairman and Chief Executive Officer, Not Your Ordinary TABLE OF CONTENTS Yum! Brands, Inc. Restaurant Company! 1–6 Dear Partners 26 Long John Silver’s and A&W All American Food 8 GoingforGreatnessinChina! 27–29 A Great Culture Starts with Great People!: CHAMPS 12 Going for Greatness Around the World! 30–32 Great Results!: Financial Review 16 GreatRestaurantsStartwithGreatBrands! 33–84 Financials 20 KFC: Chicken Capital U.S.A. INBC Doing Great Things for Our Community! 22 TacoBell:ThinkOutsidetheBun 24 Pizza Hut: America’s Favorite Pizza 1 With 14% Earnings Per Share (EPS) growth in 2006, we’ve exceeded our +10% annual target for the fifth straight year, proving the underlying power of our global portfolio of leading brands delivers consistent growth! FINANCIAL HIGHLIGHTS Dear Partners, (In millions, except for per share amounts) % B/(W) Year-end 2006 2005 change Our internal rallying cry is to go Company sales $ 8,365 $ 8,225 2 Franchise and license fees 1,196 1,124 7 for greatness around the globe, Total revenues $ 9,561 $ 9,349 2 and while we have our challenges, Operating profit $ 1,262 $ 1,153 9 Net income $ 824 $ 762 8 I think you’ll see from this report Diluted earnings per common share $ 2.92 $ 2.55 14 that we are well on our way with Cash flows provided by operating activities $ 1,302 $ 1,238 5 a long runway ahead of us. Fueled by continued profitable international expansion, dynamic growth AVERAGE U.S. SALES PER SYSTEM UNIT(a) in China, and our strong and stable U.S. cash generation, I’m pleased to report we achieved 14% Earnings Per Share (EPS) growth in 2006. (In thousands) Year-end 2006 2005 2004 2003 2002 5-year growth(b) That’s the fifth straight year we’ve exceeded our +10% annual target, KFC $ 977 $ 954 $ 896 $ 898 $ 898 2% proving the underlying power of our global portfolio of leading brands Pizza Hut 794 810 794 748 748 2% enables us to deliver consistent double-digit EPS growth. We also dem- Taco Bell 1,176 1,168 1,069 1,005 964 6% onstrated our global growth by opening over 1,000 new restaurants outside of the U.S. for the sixth straight year in a row—1,181 to be (a) Excludes license units. (b)Compoundedannualgrowthrate. precise. What’s more, we are a proven global cash flow generator, provid- ing major shareholder payouts. Specifically, after investing $614 million in capital expenditures to grow our core business, we returned our free cash flow to shareholders with $1 billion in share repurchases— reducing our shares outstanding by 6%—and a 1% dividend yield (a total shareholder payout of 7% when considering dividends and reduc- tion in outstanding shares). Given this overall strong performance, our share price climbed 25% for the full year, and we’re especially gratified that our average annual return to shareholders is 15% for this decade. More importantly, we remain bullish about the future and are confident that we will continue to grow our EPS at least 10% each year. We have four powerfully unique strategies that bolster the sentiment that we are Not Your Ordinary Restaurant Company. Here’s how we’re going for greatness around the globe: David C. Novak Chairman and Chief Executive Officer, Not Your Ordinary TABLE OF CONTENTS Yum! Brands, Inc. Restaurant Company! 1–6 Dear Partners 26 Long John Silver’s and A&W All American Food 8 GoingforGreatnessinChina! 27–29 A Great Culture Starts with Great People!: CHAMPS 12 Going for Greatness Around the World! 30–32 Great Results!: Financial Review 16 GreatRestaurantsStartwithGreatBrands! 33–84 Financials 20 KFC: Chicken Capital U.S.A. INBC Doing Great Things for Our Community! 22 TacoBell:ThinkOutsidetheBun 24 Pizza Hut: America’s Favorite Pizza 1 Some day, we believe we’ll 1,822 have more restaurants and profits in China than in the U.S. business, with +20% store level margins and a cash pay- for growth in mainland China. We believe KFC can be every and excluding last year’s extra 53rd week. This resulted 784 back on investments of less than two years. We uniquely bit as big in China as McDonald’s is in the U.S., achieving in YRI achieving record operating profit of $407 million. own our food distribution system that gives us coverage 15,000+ units; Pizza Hut Casual dining can equal the casual YRI operates in over 100 countries and territories outside in every major Chinese province. This has allowed us to dining leader in the U.S., Applebee’s, achieving 2,000+ units; of China and the U.S., and we have averaged about 4% KFC McDonald’s expand KFC across 402 cities, and bring Pizza Hut to 62 Pizza Hut Home Service can equal category-leader Domino’s net new unit development annually. The great thing about cities. We also have one of the largest real estate teams of in the U.S., achieving 5,000+ units; and East Dawning is tap- YRI is that 85% of the business is owned and operated Units in Mainland China any retailer in the world that opened 364 new restaurants in ping into the Chinese equivalent of the hamburger category. by franchisees who are generating almost $500 million in 2006. And we continue to grow our people capability ahead So who knows how high is up? In total, we believe we have franchise fees, requiring very little capital on our part, and #1 of the business by recruiting and retaining talent with highly the potential for over 20,000 units down the road. Of course, opening up 90% of the new restaurants. sought, well-paying jobs. as my father has pointed out to me many times, potential As with China, YRI has a huge upside in terms of inter- Build Dominant China Brands The investment in infrastructure has given us an incredible means you haven’t done it yet, but that’s what has us so national expansion. KFC and Pizza Hut already are global in Every Major Category! head start to tap an unprecedented opportunity. I liken it to excited. It’s out there for us to go do! brands. Yet we only have 6,600 KFC and 4,700 Pizza Hut the days when Colonel Sanders, Glen Bell, Dan Carney and With all the optimism in China, the other question I get restaurants in countries that have a combined population With KFC and Pizza Hut, we already have the dominant Ray Kroc started KFC, Taco Bell, Pizza Hut and McDonald’s, is “What can go wrong?” Well, in the past three years, of four billion people—so obviously that’s got long-term brands in their respective categories in the fastest creating category leading brands in the U.S.
Load more

Recommended publications
  • Taco Bell® | Taco Bell Calories and Fast Food Nutrition Information
    Taco Bell® | Taco Bell Calories and Fast Food Nutrition Information Taco Bell Calories and Fast Food Nutrition Information item Beverages Berry Pomegranate 593 310 0 0 0 0 0 50 75 0 75 1 N/A Frutista Freeze Berry Pomegranate 479 250 0 0 0 0 0 40 62 0 61 1 N/A Frutista Freeze® 16 oz Cherry Crème Frutista 397 260 30 2 3.5 0 10 135 56 0 54 3 N/A Freeze® 16 oz Cherry Crème Frutista 482 320 35 2.5 4 0 10 160 67 0 66 3 N/A Freeze® 20 oz Cherry Limeade Sparkler 323 180 0 0 0 0 0 105 44 0 43 0 N/A 20 oz Cherry Limeade Sparkler 493 270 0 0 0 0 0 160 66 0 65 0 N/A 20 oz Classic Limeade Sparkler 323 150 0 0 0 0 0 80 39 0 38 0 N/A 16 oz Classic Limeade Sparkler 493 230 0 0 0 0 0 125 60 0 59 0 N/A 20 oz Mango Strawberry 593 300 0 0 0 0 0 15 75 0 73 0 N/A Frutista Freeze® Mango Strawberry 479 250 0 0 0 0 0 10 62 0 59 0 N/A Frutista Freeze® 16 oz Strawberry Frutista 593 280 0 0 0 0 0 65 70 0 69 0 N/A Freeze® Strawberry Frutista 479 230 0 0 0 0 0 55 57 0 57 0 N/A Freeze® 16 oz Diet Pepsi 16 oz 454 0 0 0 0 0 0 50 0 0 0 0 N/A Diet Pepsi 20 oz 567 0 0 0 0 0 0 65 0 0 0 0 N/A Diet Pepsi 30 oz 851 0 0 0 0 0 0 95 0 0 0 0 N/A Diet Pepsi 40 oz 1134 0 0 0 0 0 0 125 0 0 0 0 N/A Dr Pepper 16 oz 454 200 0 0 0 0 0 70 54 0 54 0 N/A Dr Pepper 20 oz 567 250 0 0 0 0 0 90 68 0 68 0 N/A Dr Pepper 30 oz 851 380 0 0 0 0 0 130 102 0 102 0 N/A Dr Pepper 40 oz 1134 500 0 0 0 0 0 180 135 0 135 0 N/A Lipton Raspberry Iced 454 160 0 0 0 0 0 50 42 0 42 0 N/A Tea 16 oz Lipton Raspberry Iced 567 200 0 0 0 0 0 65 53 0 53 0 N/A Tea 20 oz Lipton Raspberry Iced 851 300 0 0 0 0 0 95 79
    [Show full text]
  • Fast Food in Ghana's Restaurants
    Fast Food in Ghana’s Restaurants: Prevalence, Characteristics, and Relevance An Interdisciplinary Perspective Rose Omari i Thesis committee Promotors Prof. Dr J.S.C. Wiskerke Professor of Rural Sociology Wageningen University Prof. Dr G.T.P. Ruivenkamp Associate professor, Rural Sociology Group Wageningen University Extra-ordinary Professor in Humanisation of Technologies University of Humanistic Studies, Utrecht Co-promotor Dr J.P. Jongerden Assistant professor, Rural Sociology Group Wageningen University Other members Prof. Dr M.A.J.S. van Boekel, Wageningen University Prof. Dr E.O. Sakyi-Dawson, University of Ghana, Legon, Ghana Dr D. Weenink, University of Amsterdam Dr F. Osseo-Asare, BETUMI: The African Culinary Network, USA This research was conducted under the auspices of the Wageningen School of Social Sciences. ii Fast Food in Ghana’s Restaurants: Prevalence, Characteristics, and Relevance An Interdisciplinary Perspective Rose Omari Thesis submitted in fulfilment of the requirements for the degree of doctor at Wageningen University by the authority of the Rector Magnificus Prof. Dr M.J. Kropff, in the presence of the Thesis Committee appointed by the Academic Board to be defended in public on Thursday 20 November 2014 at 11 a.m. in the Aula. iii Rose Omari Fast food in Ghana’s restaurants – Prevalence, characteristics, and relevance: An Interdisciplinary Perspective, 200 pages. PhD thesis, Wageningen University, Wageningen, NL (2014) With references, with summaries in Dutch and English ISBN 978-94-6257-258-4 iv Table of Contents
    [Show full text]
  • Yum China Launches Pizza Hut Book Donation and Exchange Program Across China
    Yum China Launches Pizza Hut Book Donation and Exchange Program across China 2 May, 2018 SHANGHAI, May 1, 2018 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC) today launched the Pizza Hut Book Donation and Exchange Program at Pizza Hut restaurants across China. To mark World Book Day, Yum China also celebrated the grand opening of the "Pizza Hut Book Donation and Exchange Sub-Center" in Shenzhen. Joey Wat, CEO of Yum China commented, "By pioneering innovative CSR programs like this, we aim to make a positive difference to the lives of our customers and the communities in which we operate. Using our strong brand and scale, Yum China is in a privileged position to support government initiatives to encourage reading in the long term." Jeff Kuai, General Manager of Pizza Hut, said, "As a leading casual dining restaurant brand in China, Pizza Hut is well-positioned to help integrate reading into people's daily lives. We hope Pizza Hut's new book exchange center will ignite people's love for reading and learning, and provide a place for the community to connect and engage." In collaboration with the Shenzhen Book Donation and Exchange Center, Yum China initiated a pilot program in November 2017 to promote and advocate the importance of reading through the establishment of a community reading center – the Shenzhen Pizza Hut Book Donation and Exchange Sub-Center. This center, located in the Shenzhen Pizza Hut Oriental Garden Restaurant, currently has over 2,000 books and offers services similar to a library, including book exchange and sharing services.
    [Show full text]
  • Restaurant Trends App
    RESTAURANT TRENDS APP For any restaurant, Understanding the competitive landscape of your trade are is key when making location-based real estate and marketing decision. eSite has partnered with Restaurant Trends to develop a quick and easy to use tool, that allows restaurants to analyze how other restaurants in a study trade area of performing. The tool provides users with sales data and other performance indicators. The tool uses Restaurant Trends data which is the only continuous store-level research effort, tracking all major QSR (Quick Service) and FSR (Full Service) restaurant chains. Restaurant Trends has intelligence on over 190,000 stores in over 500 brands in every market in the United States. APP SPECIFICS: • Input: Select a point on the map or input an address, define the trade area in minute or miles (cannot exceed 3 miles or 6 minutes), and the restaurant • Output: List of chains within that category and trade area. List includes chain name, address, annual sales, market index, and national index. Additionally, a map is provided which displays the trade area and location of the chains within the category and trade area PRICE: • Option 1 – Transaction: $300/Report • Option 2 – Subscription: $15,000/License per year with unlimited reporting SAMPLE OUTPUT: CATEGORIES & BRANDS AVAILABLE: Asian Flame Broiler Chicken Wing Zone Asian honeygrow Chicken Wings To Go Asian Pei Wei Chicken Wingstop Asian Teriyaki Madness Chicken Zaxby's Asian Waba Grill Donuts/Bakery Dunkin' Donuts Chicken Big Chic Donuts/Bakery Tim Horton's Chicken
    [Show full text]
  • Retail Investment Group Taco Bell & 2 Tenant Building
    w Click For Drone Footage Two Free Standing Buildings 7058 & 7150 WA-303 | BREMERTON, WA PRICE: $3,350,000 | CAP: 5.37% INVESTMENT OFFERING EXECUTIVE SUMMARY PRICE: CAP: NOI: $3,350,000 5.37% $179,548 7058 & 7150 WA-303 LOCATION: Bremerton, Washington Taco Bell: ±2,085 SF BUILDING SIZE: Taco Del Mar/Quiznos: ±2,872 SF LAND SIZE: ±1.07 Acres GUARANTOR: * LEASE TYPE: Absolute NNN LEASE EXPIRATION: * Taco Bell: 2018 YEAR BUILT: Taco Del Mar/Quiznos: 2003 LESSEE: * OPTIONS: * INCREASES: * ROFR: None *See Page 3 ALL PHOTOS TAKEN SEPT. 24TH 2019 TACO BELL & 2 TENANT BUILDING | BREMERTON, WA RETAIL INVESTMENT GROUP PROPERTY OVERVIEW Retail Investment Group is pleased to be the exclusive listing agent for the Taco Bell and Taco Del Mar/Quiznos property in Bremerton, Washington. The property is surrounded by single-family homes, Olympic Village Apartments and numerous retailers and churches. Some of those retailers include: Starbucks, McDonald’s, Walmart, Safeway, Walgreens, Burger King, Les Schwab Tire Center, Central Valley Garden Supply and Subject Properties Chevron. This Taco Bell is ±0.5 miles from the Kitsap Tennis and Athletic Center and ±1 mile from Esquire Hills Elementary School and Bremerton Skateland. The Taco Bell offers an Absolute NNN Lease, while the Quizno’s/ Taco Del Mar offers an NNN lease.T aco Bell offers 4 (5)Y ear Options and Quizno’s/Taco Del Mar offers 1 (5) Year Option. Both are located on the WA- 303 HWY seeing more than ±33,000 vehicles per day. These properties are located ±15 miles from Seattle WA, the 18th most populous city in the US with more than ±724,700 people.
    [Show full text]
  • Restaurant When Offer Soupremecy All Day
    Restaurant When Offer Soupremecy All Day Breakfast: Free small coffee with omelet, waffle or sandwich Lunch: Bowl of soup, half salad & drink for $10.99 Chipotle All Day Buy one, get one entrée FREE Tavern on the South Dinner Buy 1 dinner entree, receive half off the second entrée Rock Bottom All Day $5 off $20 Tastings A Wine Experience All Day $4.25 Glasses of featured house wine The Grub House All Day $2 Off any entrée $7 or more! (excludes turkey chops) The Tap All Day Buy one spring food menu item and get the second for half off Palamino All Day 3-Course Dinner $25 & 1/2 off Martini's 1913 Restaurant All Day Complimentary appetizer with purchase of entrée Severin Bar All Day Complimentary appetizer with purchase of an entrée Shoefly Public House All Day Free appetizer (up to $10) with purchase of 2 entrees or sandwiches Iozzo’s Garden of Italy All Day Ask your server for the “Tasty" deal Repeal Restaurant All Day Half price nachos Skyline Club All Day Club table $15; a la carte dining 20% off Georgia Street Grind All Day 10% off entire menu Kilroy’s All Day 25% off food purchase Slippery Noodle All Day 20% off entire menu Osteria Pronto All Day 20% off purchase Burgerhaus All Day $4 draft beer Hard Rock Café All Day 15% percent off entire menu The Boiling 5 pm-10 pm 20% off on everything Quills 11 am-2 pm Flight of single origin of the month or 15% off one drink 36 Degrees All Day 30% off all menu items (excludes $.50 tacos) CIRCLE CENTER MALL: Taco Bell All Day 15% off any combo (not to be combined with other offers) A&W All Day
    [Show full text]
  • Yum China Launches Family Care Program for Restaurant Management Team
    Yum China Launches Family Care Program for Restaurant Management Team 5 February, 2020 SHANGHAI, Feb. 5, 2020 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC) today announced the launch of a family care program, by establishing the "Restaurant Management Team (RMT) Family Care Fund". The program is designed to provide additional health protection for family members of restaurant management employees. The new scheme will start in July 2020 and cover an estimated 86,000 parents, spouses and children of more than 31,000 RMT employees. On top of the existing commercial insurance, RMT members will be entitled to additional coverage for critical illness for their parents as well as additional accident coverage for their children and spouse. The scheme also offers express medical treatment for their parents in selected hospitals. "In 2018, Yum China launched the Restaurant General Manager (RGM) Family Care Program, which was greatly appreciated by our RGMs and their families. Since then we have been exploring ways to offer a similar program for RMT members who are sometimes required to take on the extreme burden of caring for their families when faced with unfortunate events. The establishment of this plan further reinforces our commitment to being a supportive and caring employer," said Joey Wat, CEO of Yum China. RMT members can participate in the scheme on a voluntary basis with only a small contribution to the fund every year. The bulk of the remaining cost will be borne by the Company. This scheme goes beyond others in the market by increasing the age cap to 75 years for employees' parents and 22 years for their children.
    [Show full text]
  • Taco Bell's Approach to Fostering Customer Loyalty and Fighting Fraud
    Taco Bell’s Approach To Fostering Customer Loyalty And Fighting Fraud FEATURE STORY (p . 7) JULY 2020 News and Trends Presto offers free contactless technology solutions to help struggling 11 restaurant industry safely fuel revenues Deep Dive Cybercrime increases as consumers shift to digital ordering amid COVID-19 17 pandemic Scorecard The latest mobile order- 23 ahead provider rankings MOBILEORDER-AHEAD Tracker TABLE OF CONTENTS What's Inside A look at recent mobile order-ahead developments, including the shift to 3 contactless ordering and payments and how COVID-19-related fraud schemes are affecting the mobile order-ahead space Feature Story An interview with Zipporah Allen, vice president of digital experiences at Taco 7 Bell, on how customer loyalty programs can help QSRs drive revenue amid the pandemic News and Trends The latest worldwide mobile order-ahead headlines, including food ordering platform BellyMelly’s launch of a free contactless mobile app to help nationwide 11 eateries safely reopen and POS software provider ParTech’s partnership with drive-thru management provider Techknow to assist QSRs with upgrading drive- thru timers Deep Dive An in-depth examination of social media scams and fake reviews and how 17 they harm restaurants by influencing consumers and hijacking crucial revenue streams Scoring Methodology 21 Who’s on top and how they got there Top 10 Providers and Scorecard The results are in. See the top scorers and a provider directory that features 77 22 players in the space About ACKNOWLEDGMENT Information on PYMNTS.com and Kount 53 The Mobile Order-Ahead Tracker® is done in collaboration with Kount, and PYMNTS is grateful for the company’s support and insight.
    [Show full text]
  • 657 East Main Huge Price Reduction
    FOR SALE 657 EAST MAIN HUGE PRICE REDUCTION PROPERTY HIGHLIGHTS LANCASTER | OH 43130 12,725 SF on .82 AC (.46 and .36) AVAILABLE SPACE: Sanctuary, classrooms, offices and assembly hall ASSEMBLY HALL LOCATION: NW Corner of East Main Street and Starret Street E WHEELING ST Corner location, within 1 mile of Fairfield Medical Center FEATURES: 40 Ft and Fairfield County Court House SALE PRICE: $597,500 TRAFFIC COUNTS: 21,098 - Main St at Starret St (2019) 82 Ft 82 Ft .46 acres CG; .36 acres RS-4 OFFICES/CLASSROOMS ZONING: UPPER & LOWER LEVELS Drive Thru Permitted 185 Ft COMMENTS: Property next door may be available (.4AC) 103 Ft 120 Ft 82 Ft 109 Ft SANCTUARY 657 E MAIN ST STARRET ST STARRET MAY BE AVAILABLE 183 Ft CLASSROOMS CLASSROOMS ENTRY LOBBY N E MAIN ST N DAVID HARTSOOK, CCIM CBRE First Vice President 200 Civic Center Drive, 14th Floor +1 614 430 5006 Columbus, OH 43215 [email protected] +1 614 224 1492 www.cbre.us/David.Hartsook E MAIN ST NEARBY AMENITIES 657 E MAIN ST | LANCASTER, OH 43130 Banks 1 Fairfield Federal Bank 6 Sunoco 1111 The Medicine Shoppe 1616 Wendys 2121 Chase Bank Restaurants 2 Peoples Bank 7 Donotos Pizza 1212 Fairfield National Bank 1717 Chipotle 2222 Pizza Hut Medical 3 Vinton County Bank 8 RAX 1313 Starbucks 1818 Burger king 2323 Fairfield Medical Retail/Gas 4 BP 9 Advanced Auto 1414 Dairy Queen 1919 Cold Stone Creamery Property 5 Main Event 1010 Walgreens 1515 Subway 2020 Taco Bell 23 22 1920 18 21 1 4 5 12 15 2 3 7 9 10 13 17 6 16 8 11 14 N © 2020 CBRE, Inc.
    [Show full text]
  • Yum China Reports First Quarter 2020 Results
    Yum China Reports First Quarter 2020 Results 28 April, 2020 Total Revenues down 24%. System Sales down 20% and Same Store Sales down 15% in constant currency Opened 179 new stores and Reported $97 million Operating Profit despite Unprecedented COVID-19 Impact SHANGHAI, April 28, 2020 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC) today reported unaudited results for the first quarter ended March 31, 2020. Impact of COVID-19 Outbreak and Mitigation Efforts As the COVID-19 outbreak progressed, Yum China further heightened its focus on safeguarding the health and safety of its employees and customers. The Company implemented stringent health measures at its restaurants and workplaces, and provided extended healthcare and other support to employees. First quarter operations were significantly affected by the outbreak. Working closely with local health authorities to safeguard the public, the Company began temporary store closures in late January where appropriate. Approximately 35% of stores were closed by mid-February at the peak of the outbreak, with significant regional differences. As of the date of this release, approximately 99% of stores in China are either partially or fully open. For restaurants that remained open, same-store sales declined due to shortened operating hours and reduced traffic, with a significant portion of stores providing only delivery and takeaway services. Our results were strong for the first three weeks of January, but then the outbreak led to subsequent same-store sales declines of 40-50% compared to the comparable Chinese New Year holiday period in 2019. As the first quarter progressed, sales performance recovered gradually, with same-store sales down approximately 20% in late March.
    [Show full text]
  • The Quick Service Restaurant Business in Nigeria
    G.J.C.M.P.,Vol.3(3):8-14 (May–June, 2014) ISSN: 2319 – 7285 The Quick Service Restaurant Business in Nigeria: Exploring the Emerging Opportunity for Entrepreneurial Development and Growth Mustapha, Adeniyi Mudashiru (Ph.D.)1, Fakokunde, Tolutope Olubamiji (Ph.D.)2 & Awolusi, Olawumi Dele (Ph.D.)3* 1Department of Business Administration,University of llorin, llorin, Nigeria. 2Department of Entrepreneurship and Business Studies,Federal University of Technology, Minna, Nigeria. 3Department of Business Administration,Faculty of Management Sciences, Ekiti State University, Ado Ekiti, Nigeria. *Corresponding author Abstract Amidst the current global crisis, one line of business in Nigeria that continues to promise greater returns on investment is the Quick Service Restaurant. Despite the presence of economic, social and political dilemma in the country, the business continues to strive. This paper, therefore, by presenting an in-depth knowledge of the industry exposes its potentials for growth and also highlights the prospects and challenges of operating fast food business in Nigeria. It goes further to identify and recommend the required skills needed by its emerging entrepreneurs to succeed in an environment such as Nigeria’s. Keywords: Fast food outlets, Franchise, Nutrition, Eateries, Nigeria. 1.0 Introduction Although, the concept of fast food retailing, also known as quick service restaurants evolved in Nigeria about 35 years ago by UAC, from the coffee shops of its Kingsway Departmental Stores, which later transformed into Kingsway Rendezvous, the organized fast food industry is fast emerging in the country. The industrial landscape has witnessed the influx of unprecedented numbers of fast food operators since the opening of the first fast food outlet in Nigeria, at Yaba, in 1986 by Mr.
    [Show full text]
  • Yum Yum! Free
    FREE YUM YUM! PDF Yusuke Yonezu | 24 pages | 01 Apr 2014 | Minedition | 9789888240586 | English | Hong Kong, United States Menu | Yum Yum Donuts Brands, Inc. Prior toYum! Based in Yum Yum!, Kentucky, it is one of the world's largest fast food restaurant companies in terms of system units. In nations and territories worldwide, they operate 43, restaurants, including 2, Yum Yum! are company-owned and 40, that are franchised. The company's history traces back towhen PepsiCo entered into the restaurant business by acquiring Pizza Hut. A year Yum Yum!, PepsiCo purchased Taco Bell. InHot 'n Now was acquired via Taco Bell, [4] but the company would later be sold in Brands ", Tricon Global was spun off in late InKFC started test restaurants in Austin, Texas, called "Wing Works", a chicken wing line sold with one of a few flavored sauces. KFC also hired a consultant to develop a breakfast menu. The acquisition was finalized on May 8,and the name change became effective on May 22, [17] On June 6,Yum! InYum! An East Dawning test cafeteria-style Yum Yum! was opened in Shanghai Yum Yum! After initially failing, Yum! In JanuaryYum! For the decade leading up to the company's announcement, Yum Yum! growth had relied on international expansion. With little Yum Yum! outside North America, the two chains no longer fit in the company's long-term growth plans. Both of those chains also suffered from poor sales, and had fewer locations compared to Yum Yum! other chains in the Yum! Brands portfolio. In SeptemberYum! In MayYum! The Ministry approved the deal in Novemberaccording to Little Sheep representatives.
    [Show full text]