Yum China Holdings, Inc. (YUMC) Q4 2023 Earnings Call Transcript

Yum China Holdings, Inc. (NYSE:YUMC) Q4 2023 Earnings Conference Call February 6, 2024 7:00 PM ET

Company Participants

Joey Wat - Chief Executive Officer
Andy Yeung - Chief Financial Officer
Michelle Shen - Director of Investor Relations

Conference Call Participants

Michelle Cheng - Goldman Sachs
Brian Bittner - Oppenheimer
Xiaopo Wei - Citi
Lina Yan - HSBC
Sijie Lin - CICC
Kevin Yin - J.P. Morgan
Chen Luo - Bank of America

Disclaimer: Transcript provided to Seeking Alpha by the Company.

Operator

Thank you for standing by, and welcome to the Yum China Fourth Quarter and Fiscal Year 2023 Earnings Conference Call. [Operator Instructions]

I would now like to hand the conference over to Ms. Michelle Shen, IR Director. Please go ahead.

Michelle Shen

Thank you, operator. Hello, everyone. Thank you for joining Yum China's Fourth Quarter 2023 Earnings Conference Call. On today's call are our CEO, Ms. Joey Wat; and our CFO, Mr. Andy Yeung.

I would like to remind everyone that our earnings call and investor materials contain forward-looking statements, which are subject to future events and uncertainties. Actual results may differ materially from these forward-looking statements. All forward-looking statements should be considered in conjunction with the cautionary statements in our earnings release and the risk factors included in our filings with the SEC. This call also includes certain non-GAAP financial measures and should carefully consider the comparable GAAP measures. Reconciliation of non-GAAP and the GAAP measures is included in our earnings release. You can find the webcast of this call and the PowerPoint presentation on our IR website. Please note that during today's call, all year-over-year growth results exclude the impact of foreign currency unless otherwise noted.

Now I would like to turn the call over to Joey Wat, CEO of Yum China. Joey?

Joey Wat

Thank