Transcription of 2019 Annual Report
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2019 Annual Report
UNLOCKING POTENTIALYUM! BRANDS 2019 Annual HIGHLIGHTS (In millions, except for per share amounts)Year-end 2019 2018 % B/(W) change Company sales $1,546$ 2,000 (23)Franchise and property revenues 2,660 2,482 7 Franchise contributions for advertising and other services 1,391 1,206 15 Total revenues $ 5,597$ 5,688 (2)Operating Profit $ 1,930$ 2,296 (16)Net Income $ 1,294 $ 1,542 (16)Reported Diluted Earnings Per Common Share $ $ (12)Special Items Diluted Earnings Per Common Share (a) . NMDiluted Earnings Per Common Share before Special Items (a) $ $ 12 Net Cash Provided by Operating Activities from $ 1,315 $ 1,176 12(a) See our 2019 Form 10-K for further discussion of Special Gibbs, Chief Executive Officer Yum! Brands 019 was a truly historic year for Yum!
PROXY STATEMENT For Annual Meeting of Shareholders To Be Held On May14, 2020 The Board of Directors(the “Board of Directors” or the “Board”)ofYUM! Brands, Inc., aNorth Carolina corporation (“YUM” or the “Company”), solicitsthe enclosed proxy for useatthe Annual Meeting of Shareholders of theCompany to be held at
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