Dave Palmer

I wonder where we are now in terms of where you think your pricing power is? Do you feel like you're in a better spot now with regard to relative price points to private label

Just looking across your big two retail segments, consumption trends, on a two-year basis would seem to imply a return to growth in the second half of this fiscal year.

I'm wondering how you're thinking about price and promotion as the answer or perhaps not the answer in your major categories

is it that you're going to have a crossover in price mix or at least keep up with inflation in the second half of the year? Is this a first half, second half type of thing as you see it?

to what degree do you feel like doing new, new is going to be more important going forward

would certainly imply that with the comparisons we see ahead of you that comp trends would accelerate from here

Is there any learnings you have from that pricing? You know, what does price elasticity look like as you've rolled those out selectively?

I'm just wondering if there's anything you can do to really shorten this cycle, this, you know, reinvestment in cycle rather than just wait for your price to underprice inflation for a while?

What worked? What didn't work? Have you been able to already affect the change in that 2 year to the 8% or so

with your digital getting those lapsed users back and maybe with some things to kind of get them back like a freebie here or there, is that an opportunity?

one of the best LTOs you've ever done, but it might not be quite the chicken al pastor, which might have been a ten out of ten

I'm wondering if your study is showing that consumers are maybe trading to other traditional fast-food players

when you think about real comp drivers for the year, I'm wondering what other things you're really thinking about that will give you momentum

I wonder about how incremental you think that can be. On the other side, how much should we be worried about ongoing market share slippage on the broth side?

I know you won't be surprised to hear that people are really thinking about megatrends with regard to salty snacks right now. And, obviously, GLP one usage, people are concerned that that's gonna b...

how do you reflect on the fourth quarter, the 1% for '25, and just your outlook for delivery, that that half of the business going forward on a sustainable basis

could you speak to the broader ecosystem of delivery right now and what's happening there? And how you see this playing out. Is this sustainable?

what are the big reasons that you could say that you feel confident looking at what your plans are

what is your expectation. Any comments about the mix initially and the incrementality of that mix

through twenty-six and beyond about your three percent domestic comp growth target or thereabouts

How would you generally explain the same-store sales growth gap between LongHorn and Olive Garden

Do you see the gap between those two brands growing

how impactful do you think this will be to sales

does your guidance anticipate additional pricing at LongHorn through the rest of the year

What are your thoughts about why casual dining is doing as well? And do you think that will continue

Are there other [indiscernible] that you think are particular to Longhorn and the other brands

curious about what you can share about mix and same-store sales contribution in the in fiscal 4Q and what you're contemplating for mix and same-store sales contribution from it in fiscal '26

to what degree do you think there was a flu impact in the quarter?

If you can have stable organic sales in fiscal 2027, where do you think gross margins can live for this company?

What is different today versus then, just in terms of the responses you are getting from each of these growth spending activities?

I'm wondering maybe you could help us coach us how we should be reviewing your consumption data in North America Retail and Pet to really inform us about whether profit growth might be in the cards...

how does that work where you get past this first step? I mean is it in the plans that this will continue to ramp?

it also looks like there's a little bit more of an elongated timetable of the price promotion investments stretching into the second half

what categories and brands perhaps will get the most improved awards?

I wonder if you could sort of characterize for us the level of innovation activity into 2026 and how it will compare to 2025

I'm wondering how you're thinking about seasons going forward, not just Halloween

maybe you can give a summary of maybe what you're doing now and what's coming

in terms of how we should think about the type of growth activations and the things that you're doing, the levers that we will see more of perhaps

things that wouldn't maybe not make we don't wanna get ahead of ourselves in terms of flow through, things that could hold back that flow through

Does it feel like retailers are sympathetic to where you are with your pricing and your input inflation

you noted Halloween has been disappointing. I'd love to get some color about how much is -- by what sort of level has it been disappointing

So we should be expecting double-digit price mix to be flowing through in '26, starting in '26

Does that mid-teens pricing, is that inclusive of tariff-related pricing

do you think this is a platform that has legs like long-term? This isn't just a moment where you're getting some hits with forms

Do you think you can get to growth in your nonseasonal chocolate business in the second half

primarily I'm curious about seasons, and how you're thinking about that this year. It's been a great area for growth

how did you arrive at $600 million being the right number? But also perhaps discuss the phasing of that spending and maybe even categories and brands we could expect to see results earlier versus m...

I am just wondering how you're thinking about your pricing and promotion levels currently. Where do you see perhaps an opportunity to -- or challenge to ramp up promotions or narrow price gaps

when it gets to a certain level of in input in inflation and your willingness to price that away

a lot of companies coming out of COVID, there was a little bit of just a disruption during that period and adjustment

improving company restaurant profitability and your system restaurant profitability

where you think McDonald's value and affordability scores are today in the U.S., perhaps before and after Snack Wrap

some of your key IOM countries, and in what ways are the consumer economic dynamics

US comp reflected a negative check, slightly positive traffic

what are you seeing from a price elasticity standpoint out there? You talked about a fragile consumer

how should we be thinking about gross margins going forward?

how are you thinking about the path to a profitability recovery there to sort of a pre-2025 levels that we saw for a few years

Are there any sort of milestones this year that you're going to be really watching for

how you're thinking about the outlook for price elasticity going forward, maybe some of the gives and takes

are you seeing certain markets where you're seeing a little bit of fatigue or maybe price gap issues

a bit of a slowdown in this quarter to 4%. I'm wondering how you're thinking about emerging markets broadly for the rest of the year

do you think there's anything else ailing the US snacking market today other than consumer confidence in the low income consumer

what are you going to be watching and when will you make up your mind about the need for additional pricing

will have the ability and that you will ultimately get to a point where you're pricing away the dollar input inflation

With regard to the cost of the Green Apron Service, investments in the quarter versus the year.

I know a lot of people are focused on the specialty beverage market. There's forces colliding.

What scenarios do you think would get you to the high end and the low end

getting back to Starbucks, people wonder if that will bring the same sort of comp energy that the old Starbucks used to have

do you see the company going back to pre-COVID levels of margin that might be the 17%-type margin corporate-wide, a little over 20% in the Americas

it sounds like maybe more OpEx and less CapEx than what you might have thought originally and perhaps this is going to be more of a rapid pace

There was a previous belief that there might be a $4 billion productivity opportunity over the four years ending 2028.

I always enjoy getting some color from you on global demand trends and what you're seeing out there.

I wanted to follow-up on the prospects for reacceleration in KFC Global Development. And maybe the potential for higher franchise revenue and profitability from the composition of growth in the future

KFC might be a focus area for Sean by default. And so I just wonder, maybe it's worth giving a little bit of a review of what he will be and Scott will be thinking about

what your examples or your top tech platform initiatives will do to comps or other metrics that you think people would care about

Maybe it's one or two years and you have something that even becomes an external revenue source for Yum! as you're sharing these tools and becomes sort of an AWS for you guys

Could you just talk a bit about the arguments for and against this type of thing for the franchisees versus an outsourced model? And then what Byte can do for you