YUM Earnings Call Transcriptbeta

Q42012

05 Feb 2013

From a third-party data provider and not yet checked: wording, speaker labels and fiscal quarters can be wrong. Check anything you rely on against the company's filings.

Operator::

Timothy Jerzyk::

David Novak::

Richard Carucci::

Patrick Grismer::

David Novak::

Timothy Jerzyk::

Operator:

John Ivankoe – JPMorgan::

David Novak::

John Ivankoe – JPMorgan::

David Novak::

John Ivankoe – JPMorgan::

David Novak::

Operator::

Jeff Omohundro - Davenport and Company::

David Novak::

Operator::

David Tarantino – Robert W. Baird::

David Novak::

David Tarantino – Robert W. Baird::

David Novak::

rating::

Operator::

Keith Siegner - Credit Suisse::

Patrick Grismer::

Operator::

John Glass - Morgan Stanley::

David Novak::

John Glass - Morgan Stanley::

David Novak::

Operator::

Andy Barish - Jefferies::

David Novak::

Operator::

Joseph Buckley - Bank of America Merrill Lynch::

David Novak::

Joseph Buckley - Bank of America Merrill Lynch::

David Novak::

Joseph Buckley - Bank of America Merrill Lynch::

Patrick Grismer::

Operator::

Howard Penney - Hedgeye Risk Management::

David Novak::

Howard Penney - Hedgeye Risk Management::

Richard Carucci::

Operator::

Brian Bittner – Oppenheimer::

Patrick Grismer::

Operator::

Diane Geissler - CLSA::

Richard Carucci::

David Novak::

Operator::

Jason West - Deutsche Bank::

Patrick Grismer::

Operator::

Larry Miller – RBC::

Patrick Grismer::

Operator::

Jeffrey Bernstein – Barclays::

David Novak::

Operator::

Eric Gonzalez – UBS::

David Novak::

Eric Gonzalez – UBS::

David Novak::

Timothy Jerzyk::

Operator::

Michael Kelter - Goldman Sachs::

Patrick Grismer::

David Novak::

Michael Kelter - Goldman Sachs::

Patrick Grismer::

David Novak::

Operator::

Mitch Speiser – Buckingham Research::

Richard Carucci::

Mitch Speiser – Buckingham Research::

Patrick Grismer::

David Novak::