Yum China Holdings, Inc.
Q1 2022 Earnings Call
May 03, 2022, 8:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Thank you all for standing by, and welcome to the Yum China first quarter 2022 earnings conference call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there'll be a question-and-answer session. [Operator instructions] I'd now like to hand the conference over to your first speaker, Florence Lip, senior director, investor relations of Yum China.
Thank you. Please go ahead.
Florence Lip -- Senior Director, Investor Relations
Thank you, Tara. Hello, everyone. Thank you for joining Yum China's first quarter 2020 earnings conference call. Joining us on today's call are our CEO, Ms.
Joey Wat; and our CFO, Mr. Andy Yeung. Due to the current COVID restrictions in Shanghai, we are dialing in from different locations today. If we experience a technical difficulty during the call, please remain on the line as we reconnect.
Before we get started, I'd like to remind you that our earnings call and investor presentations contain forward-looking statements, which are subject to future events and uncertainties. Our actual results may differ materially from these forward-looking statements. All forward-looking statements should be considered in conjunction with the cautionary statement in our earnings release and the risk factors included in our filings with the SEC. This call also includes certain non-GAAP financial measures.
You should carefully consider the comparable GAAP measures. Reconciliation of non-GAAP and GAAP measures is included in our earnings release. Today's call includes three sections. Joey will provide an update regarding our performance in the first quarter.
Andy will then cover the financial performance and outlook in greater detail. Finally, we will open the call to questions. You can find the webcast of this call and a PowerPoint presentation, which contains operational and financial information for the quarter on our IR website. Now, I would like to turn the call over to Joey Wat, CEO of Yum China.
Joey?
Joey Wat -- Chief Executive Officer
Thank you, Florence. Hello, everyone, and thank you for joining us today. We are battling the most severe outracing COVID-19 that first emerged two years ago. The challenges we face are unprecedented.
The case count, duration, geographical coverage, and restrictive measures are far more extensive than previous outbreaks. Shanghai, Tianjin Jilin, and Guangzhou were among the places to experience extended periods of lockdown. Shanghai, one of the most impacted cities, has been locked down for more than a month now. Our operational headquarters in Shanghai are all working remotely.