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 said it expects first-quarter same-store sales growth of 8% for Taco Bell.
Yum Brands' Taco Bell showcased in New York City this week how it is utilizing artificial intelligence technology in its restaurants across the world.
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,
Increase Taco Bell's footprint to 3,000 restaurants outside of the U.S. by 2030. The brand plans to enter nine new countries including France, Greece and South Africa, and accelerate growth in existing U.K., Spain, Australia and India markets.
TD Cowen analyst Andrew Charles raised the firm’s price target on Yum! Brands (YUM) to $164 from $151 and keeps a Hold rating on the shares.
In a time when fast food chains are releasing deals to juice sluggish sales as inflation and tariffs threats weigh heavily on the American consumer, one