Pizza Hut, KFC, Taco Bell: Africa is where Yum! Brands' growth could come from next

Yum! Brands (NYSE: YUM), the parent company of fast-food restaurant chains KFC, Taco Bell, and Pizza Hut, realized massive growth and profits from expanding its KFC and Pizza Hut restaurants in China in the last few decades.

However, a slowing Chinese economy and the beginnings of market saturation in major cities there have crimped the company’s total revenue growth. The stock fell sharply after the last quarterly earnings report as Yum! management cut its year-end profit forecasts for 2014.

However, Yum!’s future might still include incredibly high growth not unlike what China delivered in the past. This time, though, Africa could be the growth driver.

Read more: Following China, This Is Where Yum! Brands' Growth Could Come From Next (YUM).

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