MW Yum Brands reveals Taco Bell growth target as its same-store sales shine
By Steve Gelsi
Taco Bell's same-store sales are expected to rise 8% in the first quarter
Yum Brands Inc. said Tuesday it expects first-quarter same-store sales growth at Taco Bell to outpace its overall pace as it plans to grow the fast-food chain's footprint.
Yum Brands $(YUM)$ said it expects first-quarter same-store sales growth of 8% for Taco Bell. That's well ahead of the 2.7% FactSet consensus estimate for Yum Brands' companywide same-store sales growth.
Yum Brands also owns Pizza Hut, KFC and Habit Burger & Grill.
The company plans to grow Taco Bell's footprint from 1,150 stores to 3,000 restaurants outside of the U.S. over the next five years.
Last year, Yum Brands opened 347 Taco Bell locations in 25 countries, bringing its total to 8,757 worldwide.
Yum's stock rose 0.4% in premarket trading on Tuesday. The stock is up 17% so far in 2025, while the S&P 500 SPX has fallen 0.54%.
-Steve Gelsi
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(END) Dow Jones Newswires
March 04, 2025 09:23 ET (14:23 GMT)
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