Brands, which include plans for expansion across the world.
Yum is considered thebiggest quick-service restaurant companyin the world.
Already an undeniable powerhouse in the casual dining space, Yum operates over 50,000 restaurants across 150 countries.
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“We think all brands should be growing.
For example, in 2021 Mickey D’s brought in around$23 billion in revenue.
Yum, on the other hand,reported $6.58 billion.
If successful, these ambitious expansion plans could position Yum to take over the fast-food world.
The international market also represents a big opportunity for Taco Bell.
Since then, she’s been focusing on bringing Taco Bell’s Mexican cuisine to more countries and markets.
By the end of this year, Yum expects to have over 1,000 Taco Bell international locations.
“We’re only in 31 markets today,” she commented.
There’s multiple thousands [of restaurants] still available to be built there.”
Pizza Hut boasts close to 12,000 international units and KFC has 23,000 global restaurants.
Stateside, however, has been a different story in recent years.
“Ninety percent of our gross builds are with those new franchisees.
We have brought into the system some well capitalized, very capable, very committed franchisees.”
“We’re not done building stores in the U.S.,” Gibbs added.
