3 Things Yum Brands Is Doing to Survive Amid Headwinds in China

It's been a rough few quarters for Yum! Brands (YUM) with shares falling almost 20 percent over the past six months. But on Thursday, ahead of its annual investor day, the company unveiled a few measures to restore confidence among investors. Yum's China business has been facing a host of struggles lately. Back in October, the company announced it will spinoff its China division into a standalone publicly traded entity by the end of 2016. On Thursday, Yum said the spinoff will lead to 15 percent EPS growth, compared to 10 percent prior to the separation. It also said it will return $6.2 billion to shareholders prior to the completion of the spinoff. Plus, Yum provided 2016 guidance, with profits expected to rise 10 percent. TheStreet’s Scott Gamm has details from New York.