Yum! Brands, Inc. (YUM) CEO David Gibbs on Q1 2020 Results - Earnings Call Transcript

Apr. 29, 2020 2:04 PM ETYum! Brands, Inc. (YUM)
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Yum! Brands, Inc. (NYSE:YUM) Q1 2020 Results Conference Call April 29, 2020 8:15 AM ET

Company Participants

Keith Siegner - Vice President of Investor Relations

David Gibbs - Chief Executive Officer

Chris Turner - Chief Financial Officer

David Russell - Senior Vice President and Corporate Controller

Conference Call Participants

David Palmer - Evercore ISI

Sara Senatore - Bernstein

Dennis Geiger - UBS

David Tarantino - Robert W. Baird

John Glass - Morgan Stanley

Andrew Charles - Cowen and Company

John Ivankoe - JP Morgan

Jon Tower - Wells Fargo


Good day and welcome to the Yum! Brands 2020 First Quarter Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions]. Please note, today’s event is being recorded.

I would now like to turn the conference over to Keith Siegner, Vice President, Investor Relations, M&A and Treasurer. Please go ahead.

Keith Siegner

Thanks, operator. Good morning, everyone, and thank you for joining us. On our call today are David Gibbs, our CEO; Chris Turner, our Chief Financial Officer; and Dave Russell, our Senior Vice President and Corporate Controller. Following remarks from David and Chris, we will operating expense the call to questions.

Before we get started, I would 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. We are going to do our best to provide our current thinking about the impact of the COVID-19 pandemic on our business. But obviously this situation is completely unprecedented and evolving.

So any forward-looking remarks should be considered in light of the uncertainty regarding the severity and duration of the pandemic and variable that will

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