Yum! Brands (NYSE: YUM ) had a rather disappointing earnings announcement the other day, with profits dropping 68% and same-store sales in China declining 11%. According to consumer goods analyst Michael Finarelli, there's more to it than disappointing numbers, including a non-cash writedown charge and continuing poultry issues in China. Consumer goods analyst Sean O'Reilly thinks it'll take until at least 2014 for Chinese consumers to forget about the company's issues, but until then, it remains one of the premiere fast-food companies in the world.
Of course, Yum! is still bullish on China, especially considering the impressive growth the country's consumer base is experiencing, and both Mike and Sean believe that there's still a big opportunity for investors in Yum!.
Yum! Brands isn't the only company profiting from China
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