Industry News | April 26, 2001

Tricon Global Reports April Sales

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Tricon Global Restaurants Inc. (NYSE: YUM) today reported that for the four-week period ended April 21, 2001, U.S. blended same-store sales at company restaurants were up 1%. Tricon's International business reported year-to-date system sales growth of 8%, prior to foreign currency conversion, or +1% after conversion to U.S. dollars.

For the four-week period, same-store sales increased 4% at Pizza Hut and 2% at KFC, while Taco Bell's declined 2%.

This period's same-store-sales growth for all three U.S. brands was negatively impacted by at least 1% point due to the timing of Easter weekend. This year, the holiday fell in the company's Period 4 (April), while last year, the holiday occurred in Tricon's Period 5. Therefore, Period 5 (May) 2001 same-store sales will benefit by 1% point, as the Easter holiday impact will reverse.

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.)