A report released today from the China Cuisine Association shows that revenue for Yum! Brands Inc. in China was up 24% in 2012, to almost $6.9 billion. This amount, according to the report, represents more than 50%of the company's total revenue.
Shares closed up $3.09, at $71.12. This represents a 4.5% rise. The report supports our investment thesis and we reiterate our BUY rating.