The Rising Influence of Rising Affluence

[DewDiligence]

YUM was +8% on strong quarterly results:

http://online.wsj.com/article/SB10000872396390443982904578046904238242108.html

Yum's China business, which is primarily comprised of KFC and Pizza Hut Casual Dining, has been crucial for the company, often contributing half of its total profit. The segment posted 6% higher same-store sales, continuing a recent trend of slower growth in China, which in past quarters reported same-store sales growth of about 20%. Still, operating profit before currency changes jumped 22%.

Yum continues to focus most of its energy on China and other emerging markets, where its chains are booming in urban areas... Yum has about 18,000 units in the U.S., compared with roughly 4,950 in China and 495 in India.

In the recent quarter, 86% of Yum's new restaurant development was in emerging markets.

I don’t own YUM, but I probably should.