Ethan Wang
Analyst, CLSA
Replay available
Yum China Holdings, Inc. (NYSE: YUMC) Q2 2025 earnings conference call, held 2025-08-05. Replay captured from the company's public earnings webcast.

Analyst, CLSA
Analyst, CICC
Analyst, Bank of America
CFO, YumChina
Analyst, Oppenheimer & Co.
Analyst, Jefferies
Analyst, Goldman Sachs
Analyst, Morgan Stanley
Senior Director Investor Relations, YumChina
CEO, YumChina
Good day and thank you for standing by. Welcome to YumChina's second quarter 2025 earnings conference call. At this time, all participants are in the listen only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising, your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I'd now like to hand the conference over to your first speaker today, Ms. Florence Lipps, Senior Director Investor Relations of YumChina. Please go ahead. Thank you, operator. Hello, everyone. Thank you for joining YumChina's second quarter 2025 earnings conference call. On today's call are our CEO, Ms. Joey Watt, and our CFO, Mr. Adrian Ding. I'd like to remind everyone that our earnings call and investment 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 a 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 .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 -over-year growth results exclude the impact of foreign currency, unless o...