Ranjith Roy

“Look, obviously, as a brand that has the kind of footprint we do, both in the U.S. and internationally, we've got to focus a lot of time on thinking about how the consumer is doing.”

“I'll begin with reviewing our second quarter results excluding Pizza Hut before discussing the Pizza Hut transaction, Yum's balance sheet and liquidity position, recent trends, and updated guidance.”

“I'll begin with reviewing our first quarter results before discussing YUM's balance sheet, liquidity position, and guidance for the year. Beginning with the top line, in the first quarter, YUM's system sales grew 6%.”

“I'll begin with our fourth quarter and full year results before discussing YUM's balance sheet, liquidity position, and guidance for the upcoming year. Beginning with Topline, we grew our Q4 system sales 5%, driven by 3% unit growth and 3% same-store sales growth.”

“I'll also add, Christine, we talk a lot about KFC development, but on the Taco Bell side as well, if you look at what happened in the most recent quarter, acceleration and same store sales growth globally, which gives us a lot of faith in the pipeline that we see for Taco Bell International in 2026 and beyond.”