Cramer's 'Mad Money Recap': Yum! Brands' Delicious Global Business

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Despite skyrocketing food costs, Yum! Brands(YUM Quote - Cramer on YUM - Stock Picks) recently turned in an incredible quarter and is now trading at close to its 52-week high, Jim Cramer told viewers of his "Mad Money" TV show Tuesday.

Cramer welcomed David Novak, president and CEO of Yum!, to the show to find out more about the company's run of success.

Yum!, whose brands include Kentucky Fried Chicken, Pizza Hut and Taco Bell, beat earnings estimates in the past quarter by 2 cents a share and the stock is up 65% since Cramer first recommended it on Oct. 11, 2005. Cramer called Yum! an incredibly well run international growth story.

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Novak said Yum!'s business is booming in China and around the globe, with expectations for another great year.

Asked about China in particular, Novak said he expects his company's 3,000 store footprint in China to far exceed the 18,000 stores it has in the U.S.

He also said that Yum has overcome China's high inflation by increasing its sales and opening more new stores.

Novak said that he is very pleased with Yum!'s strong portfolio of brands and its international exposure, noting the company is able to weather just about any storm and still deliver consistent results.

When asked about Yum's domestic business, Novak said that the company is transforming its menus to strengthen all of its brands. Pizza Hut, for example, will be expanding to offer pasta while KFC will be offering grilled chicken. Novak said the changes will unlock the value of the company's brands.

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