The restaurant business is notoriously inconsistent, but Yum! Brands has managed to buck the trend. Chairman and CEO David Novak attributes this to the global growth the fast-food chain gets from diverse brands like Taco Bell, Pizza Hut and Kentucky Fried Chicken.
That diversity offers Yum! the chance to expand around the world, Novak told Cramer. In fact, Yum! is the number-one retail developer in the world – ahead of McDonald’s, Starbucks and Wal-Mart – opening one restaurant a day in China, Novak said.