Keith R. Siegner | Yum! Brands, Inc. |
Greg Creed | Yum! Brands, Inc. |
David W. Gibbs | Yum! Brands, Inc. |
Brian Bittner | Oppenheimer & Co., Inc. |
David Palmer | RBC Capital Markets LLC |
John Glass | Morgan Stanley & Co. LLC |
John William Ivankoe | JPMorgan Securities LLC |
Karen Holthouse | Goldman Sachs & Co. LLC |
Matthew Robert McGinley | Evercore Group LLC |
Andrew Charles | Cowen and Company, LLC |
Jeffrey A. Bernstein | Barclays Capital, Inc. |
Dennis Geiger | UBS Securities LLC |
Sara Harkavy Senatore | Sanford C. Bernstein & Co. LLC |
Good morning. My name is Athania, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Yum! Brands Second Quarter 2018 Earnings Release Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.