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Taco Bell first introduced the Nacho Fries in 2018, selling over 347 million servings of the fan-favorite dish to date. Yum's third quarter also included 267 net restaurant closures. Fast-food chains, including Yum and rivals McDonalds MCD.N and Chipotle Mexican Grill CMG.N, have been benefiting from earlier investments in their digital presence, as online orders jumped, especially when dining rooms were closed at the height of the COVID-19 health crisis. Yum Brands on Thursday reported that its quarterly revenue rose 8%, fueled by Taco Bell's return to positive same-store sales growth. Sep 3, 2020 | Food. Taco Bell® Completes 2020 Menu Revamp, Making Room for Future Innovations and Streamlining Restaurant Experience. Taco Bell posted comparable sales growth of 3%, well above the estimate of a 1.75% rise. Brands annual/quarterly revenue history and growth rate from 2006 to 2020. Yum! In early 2020, Taco Bell announced that some franchises may begin paying managers $100,000 (via MarketWatch). Sign up for free newsletters and get more CNBC delivered to your inbox. “For the second consecutive quarter, digital sales increased by more than $1 billion over the prior year and set a single quarter record of $4 billion,” Chief Executive Officer David Gibbs said. Taco Bell posted comparable sales growth of 3%, well above the estimate of a 1.75% rise. And, its reputation for value should indeed position the … A Division of NBCUniversal. We want to hear from you. Habit Burger Grill, which Yum bought earlier this year, saw same-store sales fall 3% in the quarter. The restaurants are in the south-central U.S., and last year turned in $485 million in revenue, according to Moody's. At your nearby Taco Bell® location, you can find all of your favorite Mexican inspired breakfast items. Pizza Hut reported global same-store sales declines of 3%. The pizza chain's quarterly same-store sales rose 6% in the United States. The company has its fast-food restaurants in China, India, Japan, Philippines, Singapore, South Korea, Cyprus, Finland, … Number of Taco Bell … Yum’s comparable sales fell 2% for the KFC owner in the quarter ended Sept. 30, but beat the average analyst estimate of a 3.74% slide, according to IBES data from Refinitiv. Reporting by Nivedita Balu in Bengaluru; Editing by Shinjini Ganguli, Analytical Charts - Jim Pizza Hut's restaurant count fell 4% from the year-ago period after closures that included hundreds of stores owned by NPC International, its largest U.S. franchisee, which filed for Chapter 11 bankruptcy earlier this year. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. The new Taco Bell was given final approval by the village council at the Aug. 10 meeting. JAKARTA, Dec 19, 2020 - (ACN Newswire) - - Taco Bell officially opened its doors to the public in Indonesia on December 18, 2020. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Brands, Inc. is the world's largest restaurant company in terms of system units with nearly 38,000 restaurants in over 120 countries and territories. Data is a real-time snapshot *Data is delayed at least 15 minutes. Average Taco Bell hourly pay ranges from approximately $8.55 per hour for Sales Associate to $18.93 per hour for Maintenance Technician. Wyckoff, Where Are the Stops - Jim Taco Bell recently added a comprehensive list of new measures to fulfill that safety demand. The KFC owner, which had disputed the terms of the agreement with Grubhub this summer, also said it sold its 3% stake for $206 million. Chipotle Mexican Grill revenue for the quarter ending September 30, 2020 was $1.601B, a 14.09% increase year-over-year. The investment gave Yum a seat on Grubhub's board, giving it a front seat to watch how third-party delivery companies operated. All Rights Reserved. Starbucks, Taco Bell, Chipotle: The $290 billion race for the perfect drive-through Thanks to COVID-19, the drive-through as you knew it is gone. Excluding expenses from items including a voluntary early retirement program and restructuring, the company earned $1.01 per share, topping the 80 cents per share expected by analysts surveyed by Refinitiv. It now rivals Taco Bell’s annual U.S. revenue and, by 2020, will likely surpass yearly revenue figures generated by the National Football League. ONLY FOR NEW TACO BELL REWARDS (BETA) MEMBERS IN THE TACO BELL APP. Got a confidential news tip? Taco Bell’s trimmed value menu to expand with $1 Loaded Nacho Taco . Net sales of $1.45 billion was 8% higher than a year earlier, beating expectations of $1.42 billion. PT Fast Food … Yum said it disposed its investment in Grubhub, a food delivery app it invested in over two years ago, during the quarter for $206 million. The company is seeking $900 million for K-Mac's 300-plus Taco Bell locations, as well as a handful of Golden Corral restaurants, according to a report in Barron's.. Brands. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Executives said that the sale didn't impact their view on the delivery space in general. Executives said the chain had its fastest third quarter in five years when it came to service times. Find detailed stats on Taco Bell revenue on Craft. Select your state to find Taco Bell favorites like burritos, quesadillas, nachos, and tacos near you. Yum Brands topped analyst estimates for its third-quarter earnings and revenue. At Pizza Hut, the company’s pizza chain that has long been grappling with stiff competition from Domino’s Pizza and others, comparable sales were down 3% and slipped 4% at KFC. As of December 2020, the net worth of the company is $3 billion. (Reuters) - Yum Brands Inc YUM.N reported a smaller-than-expected drop in comparable sales on Thursday, helped by a spike in online orders for its tacos as pandemic fears kept customers at home. Excluding one-time items, the company earned $1.01 per share, compared with the estimate of 80 cents. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Yum reported third-quarter net income of $283 million, or 92 cents per share, up from $255 million, or 81 cents per share, a year earlier. KFC's global same-store sales fell 4%, despite U.S. same-store sales growth of 9%. More on this chain: Taco Bell. Brands, Inc. * Get Started *Reward for one free Seasoned Beef Doritos® Locos Tacos only at participating U.S. Taco Bell® locations, valid for 14 days from issuance. The Taco Bell® menu has all of your favorite Mexican inspired foods. Total revenue rose about 8% to $1.45 billion. Arkansas-based Taco Bell franchisee, K-Mac, is for sale through its private equity firm, Lee Equity Partners. Key Points Yum said net income for the quarter was $206 billion, or 67 cents per share, down from $289 billion, or 92 cents per share, a year earlier. Revenue: $1.45 billion vs. $1.42 billion expected Yum reported third-quarter net income of $283 million, or 92 cents per share, up from $255 million, or 81 cents per share, a year earlier. Forest Park is already home to a Taco Bell drive-thru restaurant at 7510 Roosevelt Rd., but the location off Harlem Avenue is predicted to draw a different group of commuting customers and bring in much-needed revenue for the village. 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