Industry News | March 28, 2001

Tricon Global - Reports 1Q and March Sales

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Tricon Global Restaurants, Inc. (NYSE: YUM) today reported that for the first quarter, estimated U.S. blended same-store sales at company restaurants were flat with last year and International system sales increased 9%, prior to foreign currency conversion, or 2% after conversion to U.S. Dollars.

For the four-week period ended March 24, 2001, estimated U.S. blended same-store sales at company restaurants were down 1%. For the third fiscal period, International system sales increased by an estimated 10%, prior to foreign currency conversion, or 2% after conversion to U.S. Dollars.

For the four-week period, same-store sales increased 1% at KFC, were flat at Pizza Hut and declined 4% at Taco Bell.

Tricon is the largest global restaurant company in terms of system units, with over 30,000 restaurants around the world in over 100 countries and territories. Tricon's three brands, KFC, Pizza Hut and Taco Bell are the global leaders of the chicken, pizza and Mexican restaurant categories, respectively. Total global system sales were over $22 billion in the year 2000. (Note: Same-store sales include only company restaurants that have been open one year or more. International system sales include sales from company, franchise, license, and joint-venture restaurants.)