Yum! Brands, Inc. (YUM) Q1 2025 Earnings Call Transcript

Yum! Brands, Inc. (NYSE:YUM) Q1 2025 Results Conference Call April 30, 2025 8:15 AM ET

Company Participants

Matt Morris – Head, Investor Relations
David Gibbs – Chief Executive Officer
Chris Turner – Chief Financial Officer
Dave Russell – Senior Vice President and Corporate Controller

Conference Call Participants

Brian Bittner – Oppenheimer
David Tarantino – Baird
Dennis Geiger – UBS
David Palmer – Evercore ISI
Danilo Gargiulo – Bernstein
John Ivankoe – JPMorgan
Andrew Charles – TD Cowen

Operator

Hello, everyone, and thank you for joining the 2025 First Quarter Earnings Call. My name is Sami, and I’ll be coordinating your call today. [Operator Instructions]

I would now like to hand over to your host, Matt Morris, Head of Investor Relations to begin. Please go ahead, Matt.

Matt Morris

Good morning, everyone, and thank you for joining us today. On our call 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.

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 risk factors discussed in our SEC filings. Please refer to today’s release and filings with the SEC to find disclosures, definitions and reconciliations of non-GAAP financial measures.

Please note that during today’s call, systems sales and operating profit growth will exclude the impact of foreign currency. For more information on our reporting calendar for each market, please visit the Financial Reports section of the IR website. We are broadcasting this conference call via our website. This call