THIRD-QUARTER HIGHLIGHTS
• International development continued at a strong pace with 267 new restaurants including 88 new units in mainland China and 165 new units in Yum! Restaurants International (YRI).
• System sales growth of +11% in mainland China and +4% in YRI was offset by a 5% decline in the U.S. resulting in flat worldwide system sales in local currency terms; worldwide system sales declined 4% after foreign currency translation.
• Worldwide restaurant margin improved over 3 percentage points driven by significant gains in both the U.S. and China.
• Worldwide operating profit growth of 15% was driven by China, +32%, and the U.S., +18%. YRI profit declined 13% due to negative foreign currency translation. Worldwide operating profit growth was 19% prior to foreign currency translation.
• Foreign currency translation negatively impacted EPS by $0.02 per share
2009 Third-Quarter Restaurant Counts & Definitions
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