Pizza Hut, a restaurant chain owned by Yum! Brands, announced it will open at least 150 more restaurants in China this year as its parent company moves forward with plans to expand overseas.
"Pizza Hut will accelerate its development speed in China," said Peter Kao, brand general manager of Pizza Hut and Pizza Hut Delivery of Yum! China. "We plan to invest more than 700 million yuan ($111.2 million) and open at least 150 restaurants in third- or fourth-tier cities this year."
Yum! Brands Inc, based in Louisville, Kentucky, has more than 36,000 restaurants in more than 117 countries and regions, according to its official website.
In 1987, Yum! entered China by opening its first KFC store. The catering giant now has more than 4,400 restaurants in the country - KFCs, Pizza Huts, Taco Bells, East Dawnings and Little Sheep.
On Tuesday, Yum! Brands reported that its fourth-quarter profit had increased by 30 percent from the same period a year ago, a result it attributed to its global expansion and the sales increase it has seen at its China stores.
The company's net income increased to $356 million, or 75 cents a share, from $274 million, or 56 cents, a year earlier, Yum! said in the statement.
Yum!, which has about 18,800 restaurants outside the United States, said its fourth-quarter sales at stores that have been open at least 12 months increased by 21 percent in China. The company said it opened 656 stores in the country last year, a record number.
It gets more than 40 percent of its revenue from China.
By contrast, same-store sales during the quarter increased by 1 percent in the US, driven by growth at the Pizza Hut chain, Yum! said.
In addition to the store opening, Yum! announced that its plan for privatizing Little Sheep Group took effect on Feb 1, making the hotpot chain a subsidiary of Yum! That change has given the company a much bigger presence in the Chinese market. The acquisition is expected to cost Yum! about HK $4.557 billion ($586.5 million).
"China's catering industry is on a fast development track and has achieved annual growth of about 20 percent during the past 30 years," said Jing Linbo, vice-president of the Chinese Academy of Social Sciences' national academy of economic strategy.
"In 2011, sales revenue from the Chinese catering industry was estimated to reach 2.05 trillion yuan, up 16.9 percent from the year before.
"By the end of 2015, the industry's sales revenue is expected to reach 3.7 trillion yuan. That will provide a huge market for foreign restaurant companies, including Yum!"
Questions:
1. What is Pizza Hut’s plan for China?
2. Who is its parent company?
3. Where is it based?
Answers:
1. It will open at least 150 more restaurants in China this year.
2.Yum! Brands Inc.
3.Louisville, Kentucky.
新目标九年英语单元测试 Unit 1 B卷(附答案)
新目标九年英语单元测试Unit8 B卷(附答案)
新目标九年级英语(Units 1—6)测试卷
牛津Starter Unit1-6
新目标九年英语单元测试Unit7 B卷(附答案)
新目标英语九年级unit9-10测试
新目标九年英语单元测试A&B卷 Unit 1-6(附答案)
牛津Starter Unit4 单元试题
新目标九年级英语1-15单元动词填空专练(原创)
牛津Starter Unit5 单元试题
新目标英语九年级6-10单元阶段复习
牛津9A Unit 2 单词检测(2)
新目标九年级下英语半期复习考试试题
新目标九年英语单元测试 Unit 3 A卷(附答案)
牛津Starter Unit 7
牛津初中英语 Starter综合测试卷
新目标九年同步讲解与测试U3
牛津初中英语unit5知识点和配套练习
新目标九年英语阅读理解12篇
牛津9A Unit 1 单词检测(2)
新目标九年英语单元测试Unit7 A卷(附答案)
新目标九年英语单元测试 Unit 5 A卷(附答案)
新目标九年英语单元测试 Unit 4 A卷(附答案)
牛津初中英语unit4单元检测(二)
新目标九年英语单元测试Unit 8 A卷(附答案)
新目标九年英语单元测试 Unit 3 B卷(附答案)
新目标九年英语单元测试 Unit 2 A卷(附答案)
新目标九年英语单元测试 Unit 6 A卷(附答案)
新目标九年级英语1-5单元复习测试题
新目标九年级上册英语同步练习-全套
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |