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Jeff Auxier Comments on Yum! Brands

- By Holly LaFon

Yum! Brands, Inc. ( NYSE:YUM )

The parent company of some of the largest chain restaurants in the world, Yum! Brands manages Taco Bell, KFC, Pizza Hut and WingStreet outside of China. Between all their brands, Yum! operates over 46,000 restaurants with over $46 billion in annual sales. KFC, Pizza Hut and Taco Bell are number one globally in the chicken, pizza and Mexican food categories respectively. With approximately 98% of their restaurants franchised, Yum! Brands has managed to create a global fast food empire while remaining capital light and reducing their own risk.

From Jeff Auxier (Trades, Portfolio)'s fourth-quarter 2018 market commentary.
This article first appeared on GuruFocus.