By: Forbes Real Time
June 12, 2013 at 14:43 PM EDT
Time To Buy Yum? Chinese Consumer And Better Operations Could Drive 20% Profit Growth
The tide is turning for Yum Brands in China, and margin expansion could lead to EPS growth of about 20% over the next few years, according to UBS. While the parent of KFC and Pizza Hut seems to have engaged in an aggressive growth strategy ahead of a perfect storm that included a sluggish Chinese consumer and a regulatory scandal over the quality of its chicken, sales declines are slowing and trends suggest the time is ripe for growth again.
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