Yum! Brands (Yum!) Q4 2023 Earnings Conference Call February 7, 2024 8:15 AM ET

Company Participants

Matt Morris - Head of Investor Relations

David Gibbs - Chief Executive Officer

Chris Turner - Chief Financial Officer

Conference Call Participants

Gregory Francfort - Guggenheim

Brian Bittner - Oppenheimer

David Palmer - Evercore ISI

Jon Tower - Citi

Jeffrey Bernstein - Barclays

David Tarantino - Robert W. Baird and Company

Dennis Geiger - UBS

Operator

Hello, and welcome to Yum! Brands, Inc. 2023 Fourth Quarter Earnings Call. My name is Charlie, and I'll be coordinating the call today. [Operator instructions] I'll now hand you over to our host, Matt Morris, head of investor relations to begin. Matt, please go ahead.

Matt Morris

Thanks, operator. Good morning, everyone, and thank you for joining us. On our call today are David Gibbs, our CEO; Chris Turner, our CFO; and Dave Russell, our Senior Vice President and Corporate Controller. Following remarks from David and Chris, we'll open the call to questions.

Before we get started, please note that this call includes forward-looking statements that are subject to future events and uncertainties that could cause our actual results to differ materially from these statements. All forward-looking statements are made only as of the date of this call and should be considered in conjunction with the cautionary statements in our earnings release and the risk factors included in our filings with the SEC. In addition, please refer to our earnings release and relevant section of our filings with the SEC to find disclosures, definitions and reconciliations of non-GAAP financial measures and other metrics used on today's call. Please note that during today's call, all system sales growth and operating profit growth results exclude the impact of foreign currency.

As a reminder, several Yum! Brands decision to report on a period calendar basis including all U.S. and Canada brand, KFC UK, and KFC Australia. When forecasting 2024, please keep in mind that this year will include an extra week in the fourth quarter for those entities. For more information on our reporting calendar for each market, please visit the Financial Reports section of IR website. We are broadcasting this conference call via our website. This call is also being recorded and will be available for playback. We would like to make you aware of upcoming Yum! Investor Event in the following. Our first quarter earnings will be released on May 1st, the conference call on the same day. Finally, please mark your calendars for in-person Taco Bell Consumer Day in December at Taco Bell Headquarters in Irvine, California. Stay tune to for details and invitation to follow.