Yum! Brands estimtes internally that in 10 years, KFC China’s contribution to corporate earnings will be around 40% of the global total.
Aside from the low prices, there’s another positive aspect for fast-food consumers in this economy: better workers. The rising labor pool means that employers can be more selective in hiring, reports Bruce Horovitz for the Chicago Sun-Times. This means that there’s a better chance that you’ll have the fries your ordered in your bag at the drive-through, instead of the salad meant for the person behind you.
PowerShares Dynamic Food & Beverage (PBJ) is down 24.3% year-to-date. Yum is 4.7%; McDonald’s is 5.5%.