Yum! Brands, Inc. (YUM) Q4 2022 Earnings Call Transcript

Yum! Brands, Inc. (NYSE:YUM) Q4 2022 Earnings Conference Call February 8, 2023 8:15 AM ET

Company Participants

Gavin Felder – Chief Strategy Officer

David Gibbs – CEO & Director

Christopher Turner – CFO

Conference Call Participants

David Tarantino – Robert W. Baird & Co.

Dennis Geiger – UBS

Andrew Charles – Cowen and Company

David Palmer – Evercore ISI

Jon Tower – Citigroup

John Ivankoe – JPMorgan Chase & Co.

Gregory Francfort – Guggenheim Securities


Hello, everyone, and welcome to the Yum! Brands, Inc. 2022 Fourth Quarter Earnings Conference Call. My name is Charlie and I’ll be coordinating the call today. [Operator Instructions].

I will now hand over to your host, Gavin Felder, Chief Strategy Officer and Interim Head of Investor Relations, to begin. Gavin, please go ahead.

Gavin Felder

Thanks, operator. Good morning, everyone, and thank you for joining us. As a reminder, I will be covering for Jodi Dyer while she is on maternity leave. On our call today are David Gibbs, our CEO; Chris Turner, our CFO; and Dave Russell, our Senior Vice President and Corporate Controller. Following remarks from David and Chris, we’ll open the call to questions.

Before we get started, please note that this call includes forward-looking statements that are subject to future events and uncertainties that could cause our actual results to differ materially from these statements. All forward-looking statements are made only as of the date of this call and should be considered in conjunction with the cautionary statements in our earnings release and the risk factors included in our filings with the SEC. In addition, please refer to our earnings release and relevant sections of our filings with the SEC to find disclosures, definitions and reconciliations of non-GAAP financial measures and other metrics used on today’s call.

Please note that

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