Brands, Inc. ( NYSE: YUM ) Q2 2015 Earnings Conference Call July 15, 2015 9:15 AM ET Executives Greg Creed - Chief Executive Officer Pat Grismer - Chief Financial Officer Steve Schmitt - VP of Investor Relations, Corporate Strategy Analysts David Tarantino - R. W. Baird John Ivankoe - JP Morgan John Glass - Morgan Stanley Diane Geissler - CLSA David Palmer - RBC Capital Markets Joseph Buckley - Bank of America Brian Bittner - Oppenheimer Jason West - Credit Suisse Karen Short - Deutsche Bank Jeffrey Bernstein - Barclays Sara Senatore - Bernstein Keith Siegner - UBS Karen Holthouse - Goldman Sachs Andrew Charles - Cowen and Company Jeff Farmer - Wells Fargo R.J. Hottovy - Morningstar Paul Westra - Stifel Operator Good morning. My name is Jona and I will be your conference operator today. At this time I would like to welcome everyone to the YUM!