Industry News | December 6, 2001

Tricon Reports November Sales

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Tricon Global Restaurants, Inc., reported estimated U.S. blended same-store sales at company restaurants increased 2 percent during the four-week period ended December 1, 2001 (Period 12).

Tricon's international business reported year-to-date system-sales growth of 9 percent prior to foreign currency conversion or +2 percent versus last year's level after conversion to U.S. dollars.

For the four-week period, U.S. same-store sales increased 8 percent at Taco Bell and 5 percent at KFC, while at Pizza Hut they declined 6 percent.

Sales data for this latest period represents the third four-week period in Tricon's fiscal fourth quarter, which includes four periods. Same-store sales results for Period 13 (primarily December for the U.S. businesses) will be released the week of January 7, 2002.

Tricon, parent company of the KFC, Pizza Hut, and Taco Bell brands, has more than 30,000 restaurants around the world in over 100 countries and territories. Total system sales worldwide 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.)