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!
Dear Fellow Shareholders: On behalf of your BoardofDirectors, we are pleased to invite youtoattendthe 2020 Annual Meeting of Shareholders of YUM! Brands,Inc.The Annual Meeting will be held Thursday,May 14, 2020, at 9:00a.m., local time, in theYUM! Conference Centerat1900Colonel SandersLane in Louisville, Kentuckyorvia live webcast at
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