Yum! Brands
Restaurant Units Activity Summary
YTD Actual for the period of Q2 2016
Franchisees
Licensees
Total Franchise
&License
Unconsolidated
Affiliates
Company
Total
Total YUM! BRANDS, INC.
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
30,930
453
0
128
(321)
3
2,039
16
0
0
(61)
(1)
32,969
469
0
128
(382)
2
796
19
0
(1)
(3)
0
8,927
180
0
(127)
(83)
(1)
42,692
668
0
0
(468)
1
End of Period
% of Total
31,193
73%
1,993
5%
33,186
77%
811
2%
8,896
21%
42,893
100%
Total CHINA DIVISION
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
612
13
0
27
(17)
0
0
0
0
0
0
0
612
13
0
27
(17)
0
796
19
0
(1)
(3)
0
5,768
108
0
(26)
(50)
0
7,176
140
0
0
(70)
0
End of Period
% of Total
635
9%
0
0%
635
9%
811
11%
5,800
80%
7,246
100%
Total KFC DIVISON (1)
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
13,369
179
0
14
(132)
(5)
80
1
0
0
(4)
0
13,449
180
0
14
(136)
(5)
0
0
0
0
0
0
1,500
34
0
(14)
(18)
(1)
14,949
214
0
0
(154)
(6)
End of Period
% of Total
13,425
89%
77
1%
13,502
90%
0
0%
1,501
10%
15,003
100%
Total PIZZA HUT DIVISON (1)
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
11,856
180
0
87
(156)
0
1,545
10
0
0
(33)
1
13,401
190
0
87
(189)
1
0
0
0
0
0
0
759
27
0
(87)
(13)
0
14,160
217
0
0
(202)
1
End of Period
% of Total
11,967
84%
1,523
11%
13,490
95%
0
0%
686
5%
14,176
100%
Total TACO BELL DIVISON (1)
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
5,093
81
0
0
(16)
8
414
5
0
0
(24)
(2)
5,507
86
0
0
(40)
6
0
0
0
0
0
0
900
11
0
0
(2)
0
6,407
97
0
0
(42)
6
End of Period
% of Total
5,166
80%
393
6%
5,559
86%
0
0%
909
14%
6,468
100%
(1) Effective January 2016, the Company's India Division integrated its restaurant brands into our global KFC, Pizza Hut and Taco Bell Divisions. Beginning-of-year store counts have been
restated to include brand units previously included in the India Division.
Yum! Brands
Restaurant Units Activity Summary
Units by Concept
YTD Actual for the period of Q2 2016
Franchisees
Licensees
Total Franchise
&License
Unconsolidated
Affiliates
Company
Total
KFC
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
13,755
182
0
40
(134)
(5)
80
1
0
0
(4)
0
13,835
183
0
40
(138)
(5)
796
19
0
(1)
(3)
0
5,321
84
0
(39)
(49)
(1)
19,952
286
0
0
(190)
(6)
End of Period
% of Total
13,838
69%
77
0%
13,915
69%
811
4%
5,316
27%
20,042
100%
Pizza Hut
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
11,872
181
0
87
(156)
0
1,545
10
0
0
(33)
1
13,417
191
0
87
(189)
1
0
0
0
0
0
0
2,646
85
0
(87)
(26)
0
16,063
276
0
0
(215)
1
End of Period
% of Total
11,984
74%
1,523
9%
13,507
84%
0
0%
2,618
16%
16,125
100%
Taco Bell
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
5,093
81
0
0
(16)
8
414
5
0
0
(24)
(2)
5,507
86
0
0
(40)
6
0
0
0
0
0
0
900
11
0
0
(2)
0
6,407
97
0
0
(42)
6
End of Period
% of Total
5,166
80%
393
6%
5,559
86%
0
0%
909
14%
6,468
100%
Little Sheep
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
210
9
0
1
(15)
0
0
0
0
0
0
0
210
9
0
1
(15)
0
0
0
0
0
0
0
45
0
0
(1)
(6)
0
255
9
0
0
(21)
0
End of Period
% of Total
205
84%
0
0%
205
84%
0
0%
38
16%
243
100%
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15
0
0
0
0
0
15
0
0
0
0
0
0
0%
0
0%
0
0%
0
0%
15
100%
15
100%
Total YUM! BRANDS, INC.
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
30,930
453
0
128
(321)
3
2,039
16
0
0
(61)
(1)
32,969
469
0
128
(382)
2
796
19
0
(1)
(3)
0
8,927
180
0
(127)
(83)
(1)
42,692
668
0
0
(468)
1
End of Period
% of Total
31,193
73%
1,993
5%
33,186
77%
811
2%
8,896
21%
42,893
100%
East Dawning
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
End of Period
% of Total
Yum! Brands
Restaurant Units Activity Summary
China Division
YTD Actual for the period of Q2 2016
Franchisees
Licensees
Total Franchise
&License
Unconsolidated
Affiliates
Company
Total
KFC
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
386
3
0
26
(2)
0
0
0
0
0
0
0
386
3
0
26
(2)
0
796
19
0
(1)
(3)
0
3,821
50
0
(25)
(31)
0
5,003
72
0
0
(36)
0
End of Period
% of Total
413
8%
0
0%
413
8%
811
16%
3,815
76%
5,039
100%
Pizza Hut
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
16
1
0
0
0
0
0
0
0
0
0
0
16
1
0
0
0
0
0
0
0
0
0
0
1,887
58
0
0
(13)
0
1,903
59
0
0
(13)
0
End of Period
% of Total
17
1%
0
0%
17
1%
0
0%
1,932
99%
1,949
100%
Little Sheep
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
210
9
0
1
(15)
0
0
0
0
0
0
0
210
9
0
1
(15)
0
0
0
0
0
0
0
45
0
0
(1)
(6)
0
255
9
0
0
(21)
0
End of Period
% of Total
205
84%
0
0%
205
84%
0
0%
38
16%
243
100%
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15
0
0
0
0
0
15
0
0
0
0
0
0
0%
0
0%
0
0%
0
0%
15
100%
15
100%
Total China Division
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
612
13
0
27
(17)
0
0
0
0
0
0
0
612
13
0
27
(17)
0
796
19
0
(1)
(3)
0
5,768
108
0
(26)
(50)
0
7,176
140
0
0
(70)
0
End of Period
% of Total
635
9%
0
0%
635
9%
811
11%
5,800
80%
7,246
100%
East Dawning
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
End of Period
% of Total
Yum! Brands
Restaurant Units Activity Summary
KFC Division
YTD Actual for the period of Q2 2016
Franchisees
Licensees
Total Franchise
&License
Total U.S.
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
4,012
2
0
3
(31)
(6)
52
1
0
0
(4)
0
4,064
3
0
3
(35)
(6)
End of Period
% of Total
3,980
94%
49
1%
Total International (1)
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
9,357
177
0
11
(101)
1
End of Period
% of Total
Unconsolidated
Affiliates
Company
Total
0
0
0
0
0
0
206
0
0
(3)
0
0
4,270
3
0
0
(35)
(6)
4,029
95%
0
0%
203
5%
4,232
100%
28
0
0
0
0
0
9,385
177
0
11
(101)
1
0
0
0
0
0
0
1,294
34
0
(11)
(18)
(1)
10,679
211
0
0
(119)
0
9,445
88%
28
0%
9,473
88%
0
0%
1,298
12%
10,771
100%
Total KFC Division
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
13,369
179
0
14
(132)
(5)
80
1
0
0
(4)
0
13,449
180
0
14
(136)
(5)
0
0
0
0
0
0
1,500
34
0
(14)
(18)
(1)
14,949
214
0
0
(154)
(6)
End of Period
% of Total
13,425
89%
77
1%
13,502
90%
0
0%
1,501
10%
15,003
100%
(1) Effective January 2016, the Company's India Division integrated its restaurant brands into our global KFC, Pizza Hut and Taco Bell Divisions. Beginning-of-year store counts have
been restated to include KFC brand units previously included in the India Division in KFC International.
Yum! Brands
Restaurant Units Activity Summary
Pizza Hut Division
YTD Actual for the period of Q2 2016
Franchisees
Licensees
Total Franchise
&License
Total U.S.
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
5,823
50
0
71
(73)
0
1,488
6
0
0
(31)
1
7,311
56
0
71
(104)
1
End of Period
% of Total
5,871
75%
1,464
19%
Total International (1)
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
6,033
130
0
16
(83)
0
End of Period
% of Total
Unconsolidated
Affiliates
Company
Total
0
0
0
0
0
0
511
14
0
(71)
(8)
0
7,822
70
0
0
(112)
1
7,335
94%
0
0%
446
6%
7,781
100%
57
4
0
0
(2)
0
6,090
134
0
16
(85)
0
0
0
0
0
0
0
248
13
0
(16)
(5)
0
6,338
147
0
0
(90)
0
6,096
95%
59
1%
6,155
96%
0
0%
240
4%
6,395
100%
Total Pizza Hut Division
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
11,856
180
0
87
(156)
0
1,545
10
0
0
(33)
1
13,401
190
0
87
(189)
1
0
0
0
0
0
0
759
27
0
(87)
(13)
0
14,160
217
0
0
(202)
1
End of Period
% of Total
11,967
84%
1,523
11%
13,490
95%
0
0%
686
5%
14,176
100%
(1) Effective January 2016, the Company's India Division integrated its restaurant brands into our global KFC, Pizza Hut and Taco Bell Divisions. Beginning-of-year store counts have
been restated to include Pizza Hut brand units previously included in the India Division in Pizza Hut International.
Yum! Brands
Restaurant Units Activity Summary
Taco Bell Divison
YTD Actual for the period of Q2 2016
Franchisees
Licensees
Total Franchise
&License
Total U.S.
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
4,850
71
0
0
(11)
8
377
5
0
0
(24)
(2)
5,227
76
0
0
(35)
6
End of Period
% of Total
4,918
80%
356
6%
Total International (1)
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
243
10
0
0
(5)
0
End of Period
% of Total
Unconsolidated
Affiliates
Company
Total
0
0
0
0
0
0
894
11
0
0
(2)
0
6,121
87
0
0
(37)
6
5,274
85%
0
0%
903
15%
6,177
100%
37
0
0
0
0
0
280
10
0
0
(5)
0
0
0
0
0
0
0
6
0
0
0
0
0
286
10
0
0
(5)
0
248
85%
37
13%
285
98%
0
0%
6
2%
291
100%
Total Taco Bell Division
Beginning of Year
New Builds
Acquisitions
Refranchising
Closures
Other
5,093
81
0
0
(16)
8
414
5
0
0
(24)
(2)
5,507
86
0
0
(40)
6
0
0
0
0
0
0
900
11
0
0
(2)
0
6,407
97
0
0
(42)
6
End of Period
% of Total
5,166
80%
393
6%
5,559
86%
0
0%
909
14%
6,468
100%
(1) Effective January 2016, the Company's India Division integrated its restaurant brands into our global KFC, Pizza Hut and Taco Bell Divisions. Beginning-of-year store counts have
been restated to include Taco Bell brand units previously included in the India Division in Taco Bell International.
DEFINITIONS OF KEY MARKETS
China Division includes solely the results of our mainland China business.
KFC, Pizza Hut and Taco Bell Divisions
The following list of definitions provides the significant KFC, Pizza Hut and Taco Bell Division countries and territories with
at least 25 restaurants that are included in key markets that generally follow Yum! business management units for internal
reporting purposes. For a complete list of countries and territories please see our detailed store count information
available on our website.
Emerging
Asia (ex China Division) includes Brunei, Indonesia, Malaysia, Philippines and Vietnam.
Africa includes Mauritius, Nigeria and South Africa.
Continental Europe includes Hungary, Poland and Romania.
India includes India, Bangladesh and Sri Lanka.
Latin America includes Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador,
Guatemala, Honduras, Jamaica, Mexico, Panama, Peru, Trinidad and Venezuela.
Middle East/ North Africa includes Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Pakistan,
Qatar, Saudi Arabia, Turkey and United Arab Emirates.
Russia includes Russia and Kazakhstan.
Thailand
Developed
Asia (ex China Division) includes Hong Kong, Japan, Korea, Singapore and
Taiwan. Australia includes Australia and New Zealand.
Continental Europe includes Belgium, Cyprus, Czech Republic, France, Germany, Israel, Netherlands, Portugal and
Spain.
Latin America includes Puerto Rico
UK includes Great Britain and Ireland.
U.S. includes the continental United States, Alaska and Hawaii.
Canada
2016 SECOND-QUARTER DEFINITIONS
Emerging Markets include countries that meet the International Monetary Fund (IMF) guidelines for “Emerging” or
“Developing” economies.
Ex F/X represents the percentage change excluding the impact of foreign currency translation. These amounts are
calculated by translating current-year results at prior-year average exchange rates. We believe elimination of the foreign
currency translation impact provides better year-to-year comparability without the distortion of foreign currency
fluctuations.
Franchise Restaurants include franchise and licensed restaurants and exclude unconsolidated affiliates (joint ventures).
Franchisee Sales represent combined estimated sales of franchise, unconsolidated affiliate and license restaurants.
Franchisee sales, which are not included in the company sales we present on our Consolidated Statements of Income,
generate franchise and license fees (typically at a rate of 4% to 6% of sales) that are included in the company’s revenues.
Free Cash Flow represents net cash provided by operating activities and other sources of cash, such as refranchising,
employee stock-option proceeds, sales of PP&E and other, less net cash used in investing activities.
New-Restaurant Openings include company-owned, franchise, unconsolidated affiliate, and license
restaurants.
Operating Margin is defined as Operating Profit divided by Total Revenue.
System Restaurants include company-owned, franchise, unconsolidated affiliate and license restaurants.
System-Sales Growth includes the results of all restaurants regardless of ownership, including company-owned,
franchise, unconsolidated affiliate and license restaurants that operate our concepts, except for non-company-owned
restaurants for which we do not receive a sales-based royalty. Sales of franchise, unconsolidated affiliate and license
restaurants generate franchise and license fees for the company (typically at a rate of 4% to 6% of sales). Franchise,
unconsolidated affiliate and license restaurant sales are not included in company sales on the Consolidated Statements of
Income; however, the franchise and license fees are included in the company’s revenues. We believe system sales growth
is useful to investors as a significant indicator of the overall strength of our business as it incorporates all of our revenue
drivers, company and franchise same-store sales as well as net unit development.
Same-Store-Sales Growth includes the estimated growth in sales of all restaurants that have been open and in the YUM
system one year or more.