Yum! Brands, Inc.

Stock Symbol: YUM

Yum! Brands, Inc. Description:
Based in Dallas, Texas, Pizza Hut Inc., a division of Yum! Brands, Inc., is the dominant leader in the pizza category, with over 7,500 domestic locations, a 15% market share and system sales of $5 billion. Yum! Brands, Inc., based in Louisville, Kentucky, is the world's largest restaurant company in terms of system units, operating and franchising over 32,500 restaurants in more than 100 countries and territories. The Company generated over $22.3 billion in system sales in 2001. Four of the company's restaurant brands -- KFC, Pizza Hut, Taco Bell and Long John Silver's -- are the global leaders of the chicken, pizza, Mexican-style food and quick-service seafood categories respectively. Since 1919, A&W All-American Food has been serving a signature frosty mug root beer float and all-American pure-beef hamburgers and hot dogs, making it the longest running quick-service franchise chain in America.

Yum! Brands, Inc. Financial Summary:
Yum! Brands, Inc. is a restaurant company that operates the following brands: KFC, Pizza Hut, Taco Bell, Long John Silver's and A&W All-American Food. The Company operates more than 32,500 restaurants. For the 36 weeks ended 9/3/05, revenues rose 4% to $6.45B. Net income rose 11% to $562M. Revenues reflect new restaurant openings across international markets. Earnings also benefitted from lower debt levels.

Yum! Brands, Inc. Business Summary:
YUM! Brands, Inc. (YUM) is a quick service restaurant with over 33,000 units in more than 100 countries and territories. The YUM organization is made up of six operating companies organized around the five restaurant concepts of KFC, Pizza Hut, Taco Bell, LJS and A&W (the Concepts). The six operating companies are KFC, Pizza Hut, Taco Bell, LJS, A&W and YRI. Through its five Concepts, the Company develops, operates, franchises and licenses a worldwide system of restaurants, which prepare, package and sell a menu of competitively priced food items. These restaurants are operated by the Company or, under the terms of franchise or license agreements, by franchisees or licensees who are independent third parties, or by affiliates in which it owns a non-controlling equity interest.

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