Yum Brands Inc (FRA:TGR)
€ 125.25 -0.9 (-0.71%) Market Cap: 35.82 Bil Enterprise Value: 46.02 Bil PE Ratio: 25.02 PB Ratio: 0 GF Score: 86/100
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Yum! Brands Inc at Morgan Stanley Global Consumer & Retail Conference (Virtual) Transcript

Dec 01, 2021 / 01:45PM GMT
Release Date Price: €109.35 (-0.23%)
John Stephenson Glass
Morgan Stanley, Research Division - MD

Good morning, and welcome to day 2 of the Morgan Stanley Global Consumer Conference. My name is John Glass. I'm the restaurant analyst at Morgan Stanley. And it's my great pleasure to welcome Chris Turner, the CFO of Yum! Brands, back to the conference this year.

Spanning the globe with over 52,000 restaurants under 4 banners, Yum! is a dominant QSR in multiple categories from chicken to pizza to Mexican and burgers. Post the spinoff with Yum China a few years ago, Yum! is now a 98% franchise business with a clear strategy of operating Relevant, Easy and Distinctive Brands across its core strategies of strong restaurant development, industry-leading franchising capabilities and its unique culture and talent.

Before jumping in here with Chris, I do have one quick disclaimer to make, which is for important disclosures, see the Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures. And if you have questions, please reach out to your Morgan Stanley sales representative.

With that out of the

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