Yum! Brands Inc at Sanford C Bernstein Strategic Decisions Conference Transcript

Jun 01, 2023 / 03:00PM GMT
Danilo Gargiulo - Sanford C. Bernstein & Co., LLC., Research Division - Research Analyst

I'm Danilo Gargiulo, the restaurant analyst here at Bernstein. Thank you all for being here today.

Before we start, let me remind you that you are able to submit questions through Pigeonhole by either scanning the QR code on your agenda or by visiting pigeonhole.at, with the pass code SDC2023.

We are excited to have Yum! Brands again with us at the Strategic Decision Conference this year. Yum! is the world's largest restaurant company with over 54,000 restaurants in more than 155 countries, operating companies, iconic brands: KFC, Taco Bell, Pizza Hut and Habit Burger Grill. Global leaders of chicken, Mexican style food, pizza categories in a high-growth fast casual concept.

Yum! Brands is a highly franchised, diversified business with an asset-light business model with a long-term growth algorithm which consists of 5% unit growth, 7% system-wide sales growth, which is resulting in at least 8% operating profit growth.

With me today is David Gibbs. David, thank you for coming,

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