This document presents a comprehensive overview of YUM! Brands Inc.'s performance in 2017 and the proceedings of the 2018 Annual Meeting of Shareholders. CEO Greg Creed highlights the company's 20th anniversary, the successful spin-off of the China business, and progress in becoming a more focused, franchised, and efficient organization. Key growth capabilities, including distinctive brands, unmatched franchise operations, bold restaurant development, and a strong culture, are emphasized as drivers of same-store sales and net-new unit growth. The report details financial achievements, such as worldwide system sales growth, same-store sales growth, and net-new unit growth, alongside the return of capital to shareholders. Brand-specific strategies for KFC, Pizza Hut, and Taco Bell are outlined, focusing on innovation, customer experience, and international expansion. The document also includes the notice of the annual meeting, items of business to be discussed, and information on voting procedures, encouraging shareholders to participate and review proxy materials online.
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