Yum! Brands, Inc., based in Louisville, Ky., is the world's largest restaurant company in terms of system restaurants with nearly 34,000 restaurants in over 100 countries. Four of our restaurant brands - KFC, Long John Silver's, Pizza Hut and Taco Bell - are the global leaders of the chicken, quick-service seafood, pizza and Mexican-style food categories. A&W Restaurants is the longest running quick-service franchise chain in America. In 2004, Yum! Brands generated more than $9 billion in total revenues, including company sales and franchise fees.
We have a great China business with tremendous scale and economics, and our goal is to continue to build dominant China brands. We also have a very strong and profitable broad-based international business, which we continue to grow. We are focused on running great restaurants and, we are the worldwide leader of multibranding combining two brands and greater consumer choice under one roof.
The Yum! China Division (includes mainland China, Thailand and KFC Taiwan), based in Shanghai, has been reported separately since the beginning of 2005 due to its size, unique strength and importance. Today our Yum! China Division has more than 2,000 system restaurants (Q1 2005).
Mainland China is our number one market for new company restaurant development worldwide. In 2004, operating profits for the China Division were more than $200 million and up over 20 percent. Our strategy is to be the leader in every significant food service category in mainland China. KFC is the number one quick-service restaurant brand and Pizza Hut is the number one casual dining brand in mainland China.
Yum! Restaurants International (YRI), based in Dallas, Texas, is the largest division of Yum! Brands with more than 11,000 restaurants outside the U.S. (excluding Yum! China Division). In each of the last five years, YRI has opened over 700 new restaurants. In 2004, YRI achieved record revenues of $2.1 billion, operating profits of $337 million and a continued high level of return on invested capital.
Outside the United States in 2004, our system opened about three new restaurants each day of the year making us one of the fastest growing retailers in the world. We have a large, growing, profitable, high-return international business and a strong growth opportunity with two global brands, KFC and Pizza Hut.
We are the worldwide leader in multibranding, offering consumers more choice, convenience and value at one restaurant location from a combination of two of our great brands under one roof. Today we have over 2,900 company and franchise-owned multibrand restaurants worldwide.
Yum!'s formula for success is centered on putting people capability first because when we do that, we satisfy our customers and generate more profits.
Around the world, our 850,000 Customer Maniacs are striving each and every day to put a Yum! on our customers' faces around the world. We've been on a journey for the past three years and are training our team members once a quarter on how to be Customer Maniacs.
We're building an operating culture dedicated to 100% CHAMPS with a Yes! Attitude. CHAMPS is centered on the executional basics that deliver great customer service including Cleanliness, Hospitality, Accuracy, Maintenance, Product Quality and Speed. Our focus is to execute CHAMPS with passion, urgency and excellence, so that we will drive same store sales growth in every restaurant.
Yum! Brands has been recognized in BLACK ENTERPRISE Magazine as one of the 30 Best Companies for Diversity and for the past two years, in FORTUNE's top 50 Best Companies for Minorities, claiming the number-one spot for managerial diversity. In 2004, Yum! jumped 20 spots to place 15th out of 50 on FORTUNE's list.
In addition, Yum! also has been named the #1 company for Work/Life Balance in Louisville, one of the Best Places to Work in Kentucky and Pizza Hut has been named the #1 Best Place to Work in Dallas. We are very proud of these accomplishments because they reflect Yums commitment to diversity and to making the company a great place to work.
Yum! is building a vibrant global business by focusing on four key growth strategies: 1) Build dominant China brands; 2) Drive profitable international growth; 3) Run great restaurants and 4) Multibrand great brands. Yum Restaurants International (Thailand) Co., Ltd. while it was called Tricon Restaurants International (Thailand), was recognized as one of the Best Employers in Asia and honored as one of the best places to work in Thailand by global management consulting firm Hewitt Associates and Dow Jones, the publisher of Far Eastern Economic Review and The Asian Wall Street Journal.
Yum! Brands Inc., U.S.A, based in Louisville, Kentucky is the worlds largest restaurant company in terms of system units with over 32,500 restaurants in more than 100 countries and territories. The company currently operates 5 restaurant brands KFC, Pizza Hut, Taco Bell, Long John Silvers, and A&W All-American Food. The first four brands are the global leaders of the chicken, pizza, Mexican-style food and quick service seafood categories, respectively. While A&W All-American Food is the longest running quick service franchise chain in America, serving since 1919 a signature frosty mug root beer float and all-American pure-beef hamburger and hot dogs.
In Thailand, KFC is the leader in the entire quick-service restaurant industry with 305 outlets in more than 54 provinces across the nation, while Pizza Hut is the most favorite pizza brand with 83 stores nationwide.
Our company always focuses on people, culture recognition, employees investment and financial rewards. We believe in building people and highly recognize their valuable contribution towards the company
At Yum! Brands, we put people first. Our stores are run by people who know and love the restaurant business. We are always looking for people who have strong leadership skills and people management skills, people who are fast learners, energetic and service-minded. If you think you are a team player, dependable and responsible, you can share in our success.
Great people who will make Yum! Brands not only the worlds largest restaurant company, but also the industry leader in shareholder return and employee satisfaction.
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