Do you know what proportion of YUM’s profits derives from emerging markets as a whole?
They seem to divide their numbers into China, International, and U.S., so I assume that emerging markets don't include China and are lumped into the International group.
Best I could find is that the China division plus the International division account for almost 3/4 of their operating profits, with China accounting for over half of that.
The more I look at them, the more I realize that they are a friggin' juggernaut! I might have to buy some for my long-term portfolio.