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Yum! Brands (YUM) Q1 2018 Results - Earnings Call Transcript

May 02, 2018 12:46 PM ETYum! Brands, Inc. (YUM)
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Yum! Brands, Inc. (NYSE:YUM) Q1 2018 Earnings Call May 2, 2018 8:15 AM ET


Keith R. Siegner - Yum! Brands, Inc.

Greg Creed - Yum! Brands, Inc.

David W. Gibbs - Yum! Brands, Inc.


Matthew Robert McGinley - Evercore ISI

John Glass - Morgan Stanley & Co. LLC

Dennis Geiger - UBS Securities LLC

Chris O'Cull - Stifel, Nicolaus & Co., Inc.

Jeff D. Farmer - Wells Fargo Securities LLC

John William Ivankoe - JPMorgan Securities LLC

Gregory R. Francfort - Bank of America Merrill Lynch

Sara Harkavy Senatore - Sanford C. Bernstein & Co. LLC

Andrew Charles - Cowen & Co. LLC

David E. Tarantino - Robert W. Baird & Co., Inc.


Good morning. My name is Shelby, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Yum! Brands Q1 2018 First Quarter Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. Thank you.

I would now like to turn the call over to Mr. Keith Siegner, Vice President of Investor Relations and Treasurer. Please go ahead, sir.

Keith R. Siegner - Yum! Brands, Inc.

Thank you, Shelby. Good morning, everyone, and thank you for joining us. On our call today are: Greg Creed, our CEO; David Gibbs, our President and CFO; and Dave Russell, our Senior Vice President and Corporate Controller. Following remarks from Greg and David, we'll open the call to questions.

Before we get started, I'd like to remind you that this conference call includes forward-looking statements. Forward-looking statements are subject to future events and uncertainties that could cause our actual results to differ materially from these statements. All forward-looking statements should be considered in conjunction with the cautionary statements in our

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