Yum! Brands, Inc., based in Louisville, Ky., is the world's largest restaurant company in terms of system restaurants with nearly 38,000 restaurants in over 110 countries and territories and more than 1 million associates. Yum! is ranked #214 on the Fortune 500 List and generated more than $11 billion in revenue in 2010. The Company's brands - KFC, Pizza Hut and Taco Bell - are the global leaders of the chicken, pizza and Mexican-style food categories.
The Yum! system includes three operating segments: U.S., International (Yum! Restaurants International) and China Division. Outside the United States in 2010, 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 2010 once again affirmed our consistent record of success with 17% Earnings Per Share (EPS) growth, which marks the ninth straight year we delivered at least 13% growth and exceeded our 10% EPS growth target. For the full year 2010, we opened nearly 1,400 new restaurants outside the U.S. Importantly, we maintained our Return on Investment Capital (ROIC) of 20%+ 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.