Company Profile For YUM! BRANDS, INC.

YUM! Brands, Inc. (YUM) is a quick service restaurant (QSR) with over 36,000 units in more than 110 countries and territories. Through the five concepts of KFC, Pizza Hut, Taco Bell, LJS and A&W (the Concepts), the Company develops, operates, franchises and licenses a worldwide system of restaurants, which prepare, package and sell a menu of food items. The Company either operates units or they are operated by independent franchisees or licensees under the terms of franchise or license agreements. In addition, the Company owns non-controlling interests in Unconsolidated Affiliates in China who operate similar to franchisees. YUM’s business consists of three segments: United States, YUM Restaurants International (YRI) and the China Division. The China Division includes mainland China (China), Thailand and KFC Taiwan, and YRI includes the remainder of its international operations.

BRIEF: For the thirty nine weeks ended 5 September 2009, Yum!Brands, Inc.'s revenues decreased 6% to $7.47B. Net income increased 13% to $855M. Revenues reflect a decrease in Company sales and lower franchise & license fees & income. Net income was offset by decreased food & paper cost, lower payroll & employee benefits expense, a decrease in occupancy & other operating expenses and lower general & administrative expenses.