Yum! Brands (YUM): FY25 Q4 earnings call, Feb 4, 2026

…market, KFC's largest equity estate where relevant limited-time offers paired with disruptive value drove a 10% increase in same-store sales in Q4 and high single-digit…

…its higher innovation cadence with profitable low price point products, compelling individual value offers, and expanded daily menus designed to drive traffic while protecting margins…

…driving brand buzz through 26 new and tested innovation launches, dominating on value with the new luxe value menu and optimized $5.07, and $9 boxes,…

…craveable platforms and test future menu icons across key markets leaning into value as a core traffic and relevance driver, and building digital engagement through…

…me tremendous confidence in our ability to navigate change, take share, and deliver consistent long-term value for our shareholders. With that, Roy, over to you.