Yum! Brands, Inc. (NYSE:YUM) Q3 2013 Earnings Conference Call Transcript

Yum! Brands, Inc. (NYSE:YUM)

Q3 2013 Earnings Conference Call Transcript

Event Held on October 9, 2013, 9:15 AM Eastern Time

Section I: Management Presentation

Operator

Good morning. My name is Angela and I will be your conference operator today. At this time, I would like to welcome everyone to the Yum! Brands third quarter 2013 earnings conference 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. (Operator Instructions) Thank you.

I would now like to turn the call over to Mr. Steve Schmitt, VP of Investor Relations. Sir, you may begin.

Steve Schmitt – VP, IR

Thanks, Angela. Good morning everyone and thank you for joining us. On our call today are David Novak, Chairman and CEO; Rick Carucci, President and Pat Grismer, our CFO. Following remarks from David and Pat, we will take your 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. All forward-looking statements should be considered in conjunction with the cautionary statements on our earnings release and the risk factors included in our filings with the SEC. In addition, please refer to the Investors section of the Yum! Brands website www.yum.com to find disclosures and reconciliations of non-GAAP financial measures that may be used on today’s call. We’re broadcasting this conference call via our website. This call is also being recorded and will be available for playback. Please be advised that if you ask a question, it will be included in both our live conference and in any future use of the recording.

Finally, we would like you to be aware of a couple of upcoming Yum! investor events. First, our 2013 New York investor and analyst conference will be Wednesday, December 4 in Midtown Manhattan. Second, our 2013 fourth quarter earnings release will be Monday, February 3.