Taco Bell projects Q1 2025 US same-store sales growth of 8%; sets 2030 targets including $3M AUV and 3,000 int'l stores

YUM BRANDS INC

2024 operating profit reached $1B for first time; restaurant margins >24% in company-owned stores.
Q1 2025 US same-store sales projected +8% YoY; full-year 2025 margin target 24-25% and 100 net-new international units.
2030 targets: US AUV $3.0M (from $2.2M), company restaurant margins 25-26%, 3,000 international stores (from 1,150 in 2024).
Digital sales reached $6B in 2024 (+32% YoY); plan for 100% digital-enabled transactions by 2030.
International expansion plans include entering 9 new countries (France, Greece, South Africa) and accelerating in UK, Spain, Australia, India.

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