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AI English summary of an SEC filing — figures as filed

Yum! Brands logoYum! Brands YUM

The company said it targets U.S. same-store sales growth of 8% for the quarter ended March 31, 2025 for Taco Bell Division. It also set company restaurant margins of 24-25% and 100 net-new international units for the full year 2025.

8-KRegulation FD DisclosureFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it targets U.S. same-store sales growth of 8% for the quarter ended March 31, 2025 for Taco Bell Division. It also set company restaurant margins of 24-25% and 100 net-new international units for the full year 2025.

  2. For the Taco Bell Division's 2030 targets, the company cited U.S. annual unit volumes (AUVs) of $3.0 million, company restaurant margins of 25-26%, and 3,000 international stores.

  3. The company said Taco Bell reached $1 billion in profit for the first time in 2024. It said restaurant level margins at company-owned stores were above 24% and digital sales grew 32% to $6 billion.

  4. Yum! Brands said Taco Bell opened 347 gross-new restaurants in 25 countries in 2024, bringing total locations to 8,757. It also said Taco Bell plans to enter 9 new countries, including France, Greece and South Africa, to expand its restaurant count outside the U.S. to 3,000 by 2030.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q1 2025 and Full-Year Taco Bell Division Targets

The company said it targets U.S. same-store sales growth of 8% for the quarter ended March 31, 2025 for Taco Bell Division. It also set company restaurant margins of 24-25% and 100 net-new international units for the full year 2025.

Source · Based on the filing body and exhibits

Taco Bell Division 2030 Targets

For the Taco Bell Division's 2030 targets, the company cited U.S. annual unit volumes (AUVs) of $3.0 million, company restaurant margins of 25-26%, and 3,000 international stores.

Source · Based on the filing body and exhibits

Taco Bell 2024 Performance Review

The company said Taco Bell reached $1 billion in profit for the first time in 2024. It said restaurant level margins at company-owned stores were above 24% and digital sales grew 32% to $6 billion.

Source · Based on the filing body and exhibits

Taco Bell International Expansion Plan

Yum! Brands said Taco Bell opened 347 gross-new restaurants in 25 countries in 2024, bringing total locations to 8,757. It also said Taco Bell plans to enter 9 new countries, including France, Greece and South Africa, to expand its restaurant count outside the U.S. to 3,000 by 2030.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.