[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the diverse nature of Yum! Brands' global footprint contribute to their success?
### Assistant: The diverse nature of Yum! Brands' global footprint contributes to their success by allowing them to thrive in any environment. (Source: David Gibbs -- Chief Executive Officer)


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What advantages does Yum! Brands' business model provide?
### Assistant: Yum! Brands' business model provides advantages that enable them to thrive in any environment. The specific advantages were not mentioned in the provided text. (Source: David Gibbs -- Chief Executive Officer)


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Yum! Brands thrive in any environment?
### Assistant: Yum! Brands thrives in any environment due to the diverse nature of their global footprint and the advantages provided by their business model. (Source: David Gibbs -- Chief Executive Officer)


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the power of Yum! Brands' portfolio of iconic brands?
### Assistant: The power of Yum! Brands' portfolio of iconic brands was not explicitly defined in the provided text. (Source: Not mentioned)


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Yum! Brands' portfolio of iconic brands contribute to their success?
### Assistant: Yum! Brands' portfolio of iconic brands contributes to their success by providing them with a diverse range of well-known and popular brands. (Source: David Gibbs -- Chief Executive Officer)


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the advantages of Yum! Brands' business model mentioned in the call?
### Assistant: The advantages of Yum! Brands' business model mentioned in the call were not explicitly defined in the provided text. (Source: Not mentioned)


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much did Yum! Brands' system sales grow in the last quarter?
### Assistant: Yum! Brands' system sales grew by 13% in the last quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the factors that drove Yum! Brands' sales momentum in the first quarter?
### Assistant: The factors that drove Yum! Brands' sales momentum in the first quarter were a strong set of commercial strategies that balanced compelling value and crave-able distinctive products. Additionally, the execution of their digital strategy to create more seamless, personalized experiences for customers played a significant role in driving greater customer engagement and easier access to their brands.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How is Yum! Brands executing its digital strategy to enhance customer engagement?
### Assistant: Yum! Brands is executing its digital strategy by focusing on creating more seamless, personalized experiences for customers. They are leveraging digital initiatives to drive greater customer engagement and easier access to their brands. This includes efforts to enhance online ordering and delivery capabilities, as well as leveraging data and technology to provide personalized recommendations and offers to customers.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the results of Yum! Brands' digital sales growth in the last quarter?
### Assistant: The results of Yum! Brands' digital sales growth in the last quarter were record-breaking. They achieved nearly $7 billion in digital system sales, which accounted for more than 45% of their total sales mix.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much did Yum! Brands' core operating profit grow in the first quarter?
### Assistant: Yum! Brands' core operating profit grew by 11% in the first quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was the impact of the removal of Russia profits on Yum! Brands' first-quarter results?
### Assistant: The removal of Russia profits had a one-point headwind impact on Yum! Brands' first-quarter results.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was the recent update on Yum! Brands' presence in Russia?
### Assistant: The recent update on Yum! Brands' presence in Russia is that they completed the sale of the KFC Russia business to Smart Service Ltd., a local operator. As part of the sale and purchase agreement, Smart Service has agreed to retain Yum! Brands' company employees in Russia. With this transaction, Yum! Brands has ceased its corporate presence in Russia.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Yum! Brands' Recipe For Good Growth framework contribute to its first-quarter results?
### Assistant: Yum! Brands' Recipe For Good Growth framework contributes to its first-quarter results by providing a lens through which they evaluate their performance. The framework focuses on relevant, easy, and distinctive brands (RED), as well as their unrivaled culture and talent. By leveraging this framework, Yum! Brands is able to drive growth through their iconic brands, execute bold restaurant development plans, and capitalize on their unmatched operating capabilities.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the growth drivers for KFC division's system sales in the first quarter?
### Assistant: The growth drivers for KFC division's system sales in the first quarter were 9% same-store sales growth and 7% unit growth. These strong figures reflect broad-based strength in the division.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did KFC China perform in the first quarter and what factors contributed to its growth?
### Assistant: KFC China performed well in the first quarter, with strong year-over-year growth. The team, led by Joey Wat, did a great job navigating the complex operating environment as consumers became more mobile. KFC China was able to meet their needs effectively by offering core menu innovation, disruptive value, expanding category use occasions, and doubling down on digital initiatives.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did KFC's international markets perform in the first quarter and what were the contributing factors?
### Assistant: KFC's international markets also performed well in the first quarter. Same-store sales grew by 11% outside of China, fueled by strong transaction and check growth. This exceptional performance can be attributed to strong value offerings, the return of dine-in traffic, digital initiatives, and strategic third-party partnerships. Emerging markets, such as Latin America and the Middle East, showed sustained momentum, and European markets demonstrated renewed strength with value promotions and menu innovation.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What strategies is KFC U.S. employing to target new audiences and increase category use occasions?
### Assistant: KFC U.S. is employing several strategies to target new audiences and increase category use occasions. This includes using relevant value and product innovation, such as the introduction of boneless offerings and the launch of two for $5 wraps. They also recently launched the much-anticipated chicken nuggets nationwide in the second quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who was named the 2023 Restaurant Business Leader of the Year and what achievements did Taco Bell make under their leadership?
### Assistant: Mark King was named the 2023 Restaurant Business Leader of the Year. Under his leadership, Taco Bell made incredible progress in growing the brand, expanding unit economics, and strengthening relationships with franchisees.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did Taco Bell's system sales grow in the first quarter and what were the contributing factors?
### Assistant: Taco Bell's system sales grew by 12% in the first quarter. This growth was led by 8% same-store sales growth and 6% unit growth. The brand's consistent growth formula, which leverages brand buzz, unparalleled value offerings, mass occasions, and digital initiatives, contributed to these impressive results.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What growth formula does Taco Bell employ to sustain top-line strength?
### Assistant: Taco Bell employs a growth formula that focuses on sustaining top-line strength. This formula leverages brand buzz, unparalleled value offerings, mass occasions, and digital initiatives to create ongoing customer excitement and drive sales.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What product offerings created customer buzz for Taco Bell in the last quarter?
### Assistant: In the last quarter, Taco Bell created customer buzz with product offerings such as the Crispy Melt Taco and the Grilled Cheese Burrito. These innovative and crave-able menu items generated excitement and contributed to the brand's growth.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Taco Bell provide everyday value to its customers?
### Assistant: Taco Bell provides everyday value to its customers through its offerings. They consistently provide value through various promotions and menu items priced at affordable levels.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the recent product offerings by Taco Bell that provided value to customers?
### Assistant: Some recent product offerings by Taco Bell that provided value to customers included $2 burritos and the introduction of the Crispy Melt Taco and the Grilled Cheese Burrito.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Yum! Brands balance compelling value and crave-able distinctive products?
### Assistant: Yum! Brands balances compelling value and crave-able distinctive products by ensuring that their commercial strategies offer a combination of both. They focus on providing value to customers through promotions and affordable menu items, while also offering innovative and distinctive products that generate excitement and drive sales.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Yum! Brands create personalized experiences for customers through its digital strategy?
### Assistant: Yum! Brands creates personalized experiences for customers through its digital strategy by leveraging data and technology. They use customer data to provide personalized recommendations and offers, as well as to enhance the online ordering and delivery experience. These efforts aim to create more seamless and personalized interactions with customers, driving greater engagement and easier access to their brands.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the financial results of Yum! Brands in the first quarter?
### Assistant: The financial results of Yum! Brands in the first quarter were strong. They achieved 13% system sales growth, with 8% same-store sales growth and 5% unit growth. Additionally, their core operating profit grew by 11%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Yum! Brands support its franchise partners in achieving growth?
### Assistant: Yum! Brands supports its franchise partners in achieving growth by providing them with strong brand recognition, comprehensive training and support programs, and ongoing marketing and advertising initiatives. They also collaborate closely with their franchisees to align on business strategies and drive mutual success.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the bold restaurant development plans of Yum! Brands in the first quarter?
### Assistant: The bold restaurant development plans of Yum! Brands in the first quarter included expanding their unit growth. They achieved 7% unit growth in the KFC division and 6% unit growth in the Taco Bell division.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are the unmatched operating capabilities of Yum! Brands?
### Assistant: The unmatched operating capabilities of Yum! Brands include their ability to execute on their commercial strategies, drive innovation in their menu offerings, and leverage their global scale and infrastructure to support their brands and franchise partners. They also prioritize talent development and maintain a strong company culture.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Yum! Brands innovate around its core menu offerings to appeal to a broader customer base?
### Assistant: Yum! Brands innovates around its core menu offerings to appeal to a broader customer base by introducing new products and flavors, promoting value at various price points, and leveraging customer data and insights to identify trends and preferences. This allows them to continuously adapt and offer menu options that resonate with their customers.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Taco Bell increased customer engagement through digital initiatives?
### Assistant: Taco Bell has increased customer engagement through digital initiatives by leveraging its mobile app and digital sales. Year-over-year digital sales have increased by approximately 60%, leading to an eight-point improvement in its digital mix. This indicates that more customers are using the mobile app to place orders and engage with the brand digitally.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Taco Bell's strategy for maintaining value leadership in the big burrito category?
### Assistant: Taco Bell's strategy for maintaining value leadership in the big burrito category is by offering the Grille Cheese Burrito as a fantastic example of a product that proves Taco Bell can win in this category while still maintaining its value proposition. By providing high-quality products at higher price points, Taco Bell can attract customers who are willing to pay more while still delivering on its value promise.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Taco Bell improved its digital mix?
### Assistant: Taco Bell has improved its digital mix by focusing on its digital initiatives and leveraging its mobile app. The increase in digital sales by approximately 60% indicates that more customers are using the app to place orders and engage with the brand digitally. This improvement in the digital mix suggests that Taco Bell is successfully driving customer engagement through its digital channels.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What recent service did Taco Bell launch through its mobile app?
### Assistant: Taco Bell recently launched delivery as a service through its mobile app. This allows customers to easily access Taco Bell's crave-able products by ordering through the app and having them delivered to their location. This service provides convenience and accessibility for customers, further enhancing their engagement with the brand.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How is Taco Bell transitioning its packaging suite to more recycle-ready options?
### Assistant: Taco Bell is transitioning its packaging suite to more recycle-ready options as part of its Recipe for Good Growth strategy. This means that Taco Bell is actively making progress towards using more environmentally friendly packaging materials that can be easily recycled. This transition aligns with Taco Bell's commitment to sustainability and reducing its environmental impact.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What factors contributed to the 25% system sales growth for Taco Bell International?
### Assistant: Several factors contributed to the 25% system sales growth for Taco Bell International. One factor is continued development momentum, indicating that Taco Bell has been expanding its presence in new markets and attracting new customers. Additionally, strong value propositions through core menu innovation offerings have contributed to the growth. This suggests that Taco Bell's menu innovations and value offerings have been well-received by customers in international markets.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What percentage of divisional operating profit does Pizza Hut account for?
### Assistant: Pizza Hut accounts for 17% of the divisional operating profit for Yum! Brands.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did Pizza Hut achieve 10% system sales growth in the quarter?
### Assistant: Pizza Hut achieved 10% system sales growth in the quarter through a combination of 7% same-store sales growth and 3% unit growth. The growth in same-store sales indicates that existing Pizza Hut locations are attracting more customers and generating higher sales. Additionally, the unit growth suggests that Pizza Hut has been expanding its presence by opening new locations.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which markets did Pizza Hut recently launch its Melt product in?
### Assistant: Pizza Hut recently launched its Melt product in 10 additional markets, including the U.K., Canada, and several markets in Latin America. This expansion of the Melt product demonstrates Pizza Hut's commitment to introducing innovative and popular offerings in various markets to attract new customers and drive sales growth.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did Pizza Hut use augmented reality to expedite training for its international team members?
### Assistant: Pizza Hut used augmented reality to expedite training for its international team members through its intelligent coaching app. This technology allowed team members to receive training and guidance more efficiently, ultimately improving their skills and performance. The use of augmented reality demonstrates Pizza Hut's commitment to leveraging technology for operational efficiency and employee development.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the key drivers of positive transaction growth for Pizza Hut U.S.?
### Assistant: The key drivers of positive transaction growth for Pizza Hut U.S. were the introduction of Melts and the big New Yorker in the quarter. These products attracted new and repeat customers, driving an increase in transactions. The successful launch of these products demonstrates Pizza Hut's ability to innovate and meet customer demands, contributing to positive transaction growth.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How is Pizza Hut expanding its strategic partnerships?
### Assistant: Pizza Hut is expanding its strategic partnerships by integrating with the three major food aggregators in the U.S. This allows Pizza Hut to reach a wider customer base and provide greater access to its brand through these aggregator marketplaces. By partnering with these platforms, Pizza Hut can attract more customers and increase its sales.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the growth figures for The Habit Burger Grill division?
### Assistant: The Habit Burger Grill division grew system sales 8% with 8% unit growth and flat same-store sales growth. This indicates that the division has been successful in expanding its presence by opening new locations and attracting customers. Although same-store sales growth was flat, the overall system sales growth is a positive indicator of the division's performance.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How is The Habit Burger Grill expanding its digital capabilities?
### Assistant: The Habit Burger Grill is expanding its digital capabilities by growing its mobile app user base and partnering with third-party aggregators. By increasing the number of users on its mobile app, The Habit Burger Grill can engage with customers more effectively and provide a seamless ordering experience. Additionally, partnering with third-party aggregators allows The Habit Burger Grill to reach a larger customer base and increase its brand visibility.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is retiring from the restaurant industry and who will be their successor?
### Assistant: Russ Bendel is retiring from the restaurant industry, and Shannon Hennessy, former KFC Global division CFO, will be his successor.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Shannon Hennessy's background and role within the company?
### Assistant: Shannon Hennessy's background is as the former KFC Global division CFO. In her new role, she will be driving the next chapter of growth for The Habit Burger Grill and continuing Russ Bendel's focus on people. As an exceptional leader, Shannon is expected to bring her expertise and strategic vision to further develop The Habit Burger Grill.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Yum! Brands galvanized franchisees and top talent around their Recipe for Good Growth?
### Assistant: Yum! Brands has galvanized franchisees and top talent around their Recipe for Good Growth through powerful forums and international franchise conventions. These forums bring together global brand leadership teams and franchisees from around the world, fostering strategic alignment and creating a sense of unity and enthusiasm for growth. By engaging franchisees and top talent, Yum! Brands can drive their Recipe for Good Growth and achieve their growth objectives.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Where was the international franchise convention held and who attended?
### Assistant: The international franchise convention was held in Singapore. The convention was attended by global brand leadership teams and many of the 1,500 franchisees from around the world.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the level of unity and enthusiasm for growth among franchisees?
### Assistant: The level of unity and enthusiasm for growth among franchisees is described as unprecedented. This indicates that franchisees are highly motivated and excited about the growth opportunities presented by Yum! Brands. The convention provided a platform for franchisees to learn from and celebrate each other's achievements, further fostering a sense of unity and enthusiasm.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Yum! Brands leverage consumer insights and digital investments for global growth?
### Assistant: Yum! Brands leverages consumer insights and digital investments for global growth by using the investments made in consumer insights and digital technology to understand customer preferences and behavior. This allows Yum! Brands to tailor their strategies and offerings to meet customer demands in different markets. By leveraging these insights and digital capabilities, Yum! Brands can drive growth and expand its global presence.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is Yum! Brands' strategy for keeping their iconic brands RED?
### Assistant: Yum! Brands' strategy for keeping their iconic brands RED is by maintaining a strong focus on brand identity and consistency across their portfolio. By ensuring that their brands maintain their distinct identities and deliver on their promises, Yum! Brands can retain customer loyalty and strengthen their position in the market.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Yum! Brands maintain a strong partnership with their franchisees?
### Assistant: Yum! Brands maintains a strong partnership with their franchisees by being strategically aligned with them. This means that Yum! Brands works closely with franchisees to understand their needs and challenges, and collaboratively develops strategies to address them. By maintaining this partnership, Yum! Brands can support the growth and success of their franchisees.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Yum! Brands recognize and celebrate franchisees' achievements?
### Assistant: Yum! Brands recognizes and celebrates franchisees' achievements by providing platforms such as the international franchise convention to showcase and honor their accomplishments. This recognition and celebration not only motivates franchisees but also fosters a sense of pride and unity within the franchise community.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many franchisees attended the international franchise convention?
### Assistant: The text does not provide information about the number of franchisees who attended the international franchise convention.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Yum! Brands align strategically with their franchise community?
### Assistant: Yum! Brands aligns strategically with their franchise community by fostering a sense of unity and strategic alignment through powerful forums and international franchise conventions. These platforms bring together franchisees and top talent, allowing for the exchange of ideas and fostering a shared vision for growth. By aligning strategically with franchisees, Yum! Brands can drive their growth agenda and achieve their objectives.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What is Yum! Brands' focus when it comes to promoting equity, inclusion, and belonging?
### Assistant: Yum! Brands' focus when it comes to promoting equity, inclusion, and belonging is to unlock opportunities for their people and communities. They are proud that many of their leaders, including themselves, participated in the women's foodservice forum as they prioritize elevating all voices and achieving parity globally by 2030.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How is Yum! Brands supporting franchise ownership in underserved communities?
### Assistant: Yum! Brands is supporting franchise ownership in underserved communities through the launch of the Franchise Fast Start program. This program is funded by Lafayette Square and provides lending support to expand Yum! franchise ownership in these communities in the U.S.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What recognition has Yum! Brands received for its workplace environment?
### Assistant: Yum! Brands has received recognition for its workplace environment. They were named to Newsweek's America's Greatest Workplaces for Women and Forbes America's Best Employers for Diversity List.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How does Yum! Brands plan to navigate economic environments?
### Assistant: Yum! Brands plans to navigate economic environments by leveraging the strength of their brands, which stand for unmatched value and convenience. They offer a range of products and price points to meet all customers' needs, and they have a pipeline of RED product innovation, accelerating digital sales, strengthening operational execution, and compelling value across their global portfolio of iconic brands.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What are the growth drivers for Yum! Brands' operating capability?
### Assistant: The growth drivers for Yum! Brands' operating capability include their pipeline of RED product innovation, accelerating digital sales, strengthening operational execution, and compelling value across their global portfolio of iconic brands.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What was the system sales growth for Yum! Brands in the first quarter?
### Assistant: The system sales growth for Yum! Brands in the first quarter was 13%.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How did digital sales perform for Yum! Brands in the first quarter?
### Assistant: Digital sales performed well for Yum! Brands in the first quarter. They reached a record quarter with nearly $7 billion in digital sales, which exceeded 45% of their total sales for the quarter.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What were the store-level margins for Taco Bell?
### Assistant: The store-level margins for Taco Bell were 22%, remaining flat year over year.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What were the ex-special general and administrative expenses for Yum! Brands?
### Assistant: The ex-special general and administrative expenses for Yum! Brands were $278 million, in line with their expectations.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What was the ex-special tax rate for Yum! Brands in the first quarter?
### Assistant: The ex-special tax rate for Yum! Brands in the first quarter was 19%.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What was Yum! Brands' first-quarter EPS, excluding special items?
### Assistant: Yum! Brands' first-quarter EPS, excluding special items, was $1.06, roughly flat over the prior year. This was negatively impacted by unrealized investment losses of $0.07 relating to their investment in Devyani and a foreign currency translation impact of $0.08.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How did the sale of the Russia business impact Yum! Brands' financial results?
### Assistant: The sale of the Russia business impacted Yum! Brands' financial results by no longer being reported in their GAAP results, including franchise revenue and G&A.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How has the operating environment in the U.S. changed for Yum! Brands?
### Assistant: The operating environment in the U.S. for Yum! Brands has changed as inflationary pressures, staff challenges, and supply chain disruptions have abated. They have returned to a more normalized operating environment.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How is Yum! Brands supporting franchisees facing inflationary pressures?
### Assistant: Yum! Brands continues to partner with their franchisees facing inflationary pressures to protect restaurant-level profitability while ensuring they maintain strong relative value for their customers.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How many new units did Yum! Brands open during the quarter?
### Assistant: Yum! Brands opened 746 gross new units during the quarter.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What is the expected development cadence for Yum! Brands in 2023?
### Assistant: The expected development cadence for Yum! Brands in 2023 is weighted more heavily toward the second half of the year, similar to 2021 and 2022.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What percentage of Yum! Brands' planned units for 2023 have line of sight?
### Assistant: Over 80% of Yum! Brands' planned units for 2023 have line of sight in their development pipeline.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How does Yum! Brands ensure restaurant-level profitability while maintaining value for customers?
### Assistant: Yum! Brands ensures restaurant-level profitability while maintaining value for customers by partnering with their franchisees to protect profitability and maintain strong relative value. They work to balance the needs of their franchise system and customers.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What is Yum! Brands' strategy for capital allocation?
### Assistant: Yum! Brands' strategy for capital allocation is not mentioned in the provided text. The AI does not have access to information beyond the given text.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How did foreign currency translation impact Yum! Brands' operating profit?
### Assistant: Foreign currency translation impacted Yum! Brands' operating profit by $27 million negatively in the first quarter.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What were the unrealized investment losses for Yum! Brands in the first quarter?
### Assistant: The unrealized investment losses for Yum! Brands in the first quarter were $0.07 relating to their investment in Devyani.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How has inflationary pressure and supply chain disruptions affected Yum! Brands internationally?
### Assistant: Inflationary pressure and supply chain disruptions have affected Yum! Brands internationally. While they have seen inflationary pressures and supply chain disruptions abate in the U.S., some international markets still face outsized inflationary pressures.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How does Yum! Brands support its franchise system?
### Assistant: Yum! Brands supports its franchise system by partnering with franchisees to protect restaurant-level profitability and ensuring strong relative value for customers. Their franchise system is the foundation of their industry-leading development engine.


[INST] <<SYS>>
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<<\/SYS>>

### Human: What is the outlook for commodity inflation and labor availability for Yum! Brands?
### Assistant: The outlook for commodity inflation and labor availability for Yum! Brands is not mentioned in the provided text. The AI does not have access to information beyond the given text.


[INST] <<SYS>>
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<<\/SYS>>

### Human: How does Yum! Brands' development pipeline look for 2023?
### Assistant: The development pipeline for Yum! Brands in 2023 has great line of sight, with over 80% of planned units having visibility.