Taco Bell, KFC, and Pizza Hut Are Planning to Take Over the World
Yum! Brands predicts a new Taco Bell, KFC, or Pizza Hut in your area, with global development plans.
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World's largest quick-service restaurant chain is Yum. Yum may not be well-known, but you know KFC, Pizza Hut, Taco Bell, and Habit Burger.
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Yum announced plans to open 100,000 worldwide restaurants and raise its long-term unit-count growth estimates to 5% this week.
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Yum has over 50,000 outlets in 150 countries, making it a casual dining behemoth. The worldwide brand now sees abundant white space to expand significantly.
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"We think we can add an additional 100,000 restaurants," Yum Brands CFO Chris Turner said in an interview. "We think all brands should be growing."
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Yum is currently a fast food contender but not the leader. Louisville-based company struggles to compete with McDonald's and Subway in
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recognition and profitability. Mickey D's earned $23 billion in 2021. However, Yum reported $6.58 billion. Yum has more locations than
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McDonald's or Subway (both around 39,000 globally), however their restaurants are distributed throughout their four primary brands.
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CEO David Gibbs said, "We really believe every one of our brands can double their store count over time."
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Taco Bell, which has only 7,000 U.S. stores compared to McDonald's 13,000+, will likely drive much of that increase.