By Heather Haddon
Taco Bell is planning a period of big global growth, and believes it can still attain those results despite the U.S. imposing tariffs on key trading partners.
The Yum Brands division Tuesday said it aims for more than 3,000 international Taco Bell stores by 2030, up from a total of 1,150 last year. It also aims for domestic stores to average $3 million in sales per location in five years, up from $2.2 million.
Taco Bell Chief Executive Sean Tresvant said in an interview following an investor event that Yum Brands' global supply chain would help his division navigate any possible fallout from the tariffs imposed on imports. The chain will continue to stress its value to consumers sensitive about rising prices for other purchases.
Asked if any sullying in perceptions of America abroad could impact its growth hopes, Tresvant said Taco Bell has taken off in the U.K., Spain, India and Australia, and believes that global demand for his brand will continue.
"If you have the right brand and are in the right markets, you can be successful," he said.
Yum Brands shares rose 1% Tuesday.
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March 04, 2025 17:50 ET (22:50 GMT)
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