rewrite this title Yum China Holdings, Inc. (YUMC) Q1 2025 Earnings Call Transcript

Yum China Holdings, Inc. (NYSE:YUMC) Q1 2025 Earnings Conference Call April 30, 2025 7:00 AM ET

Company Participants

Florence Lip – Senior Director of Investor RelationsJoey Wat – Chief Executive OfficerAdrian Ding – Chief Financial Officer

Conference Call Participants

Lillian Liu – Morgan StanleyMichelle – Goldman SachsBrian Bittner – Oppenheimer & Co.Chen Luo – Bank of AmericaChristine Peng – UBS

Operator

Good day, and thank you for standing by. Welcome to the Yum China First Quarter 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, Florence Lip, Senior Director of Investor Relations. Please go ahead.

Florence Lip

Thank you, operator. Hello, everyone. Thank you for joining Yum China’s first quarter 2025 earnings conference call. On today’s call are our CEO, Ms. Joey Wat; and our CFO, Mr. Adrian Ding.

I’d like to remind everyone that our earnings call and investor materials contain forward-looking statements, which are subject to future events and uncertainties. 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, which is available to the public through our Investor Relations website located at ir.yumchina.com. You can also find a webcast of this call and a PowerPoint presentation on our IR website. Please note that during today’s call, all year-over-year growth results exclude the impact of foreign currency, unless otherwise noted.

Now, I would like to turn the call over to