Modern MBA

Data

Taco Bell

The largest Mexican-style fast-food chain in America, roughly 8,000 restaurants, and Yum! Brands’ biggest earner at home.

58 figures on Taco Bell, drawn from 8 Modern MBA case studies.

The figures

US dollars20

Against its own chart
Annual global system sales by brand · 2021$13B1st of 8 · top $13BWhy KFC got so bad in America
Annual global system sales by brand · 2019$12B2nd of 8 · top $13BWhy KFC got so bad in America
Annual global system sales by brand · 2020$12B2nd of 8 · top $13BWhy KFC got so bad in America
Annual global system sales by brand · 2018$11B4th of 8 · top $13BWhy KFC got so bad in America
Annual global system sales by brand · 2016$10B5th of 8 · top $13BWhy KFC got so bad in America
Annual global system sales by brand · 2017$10B5th of 8 · top $13BWhy KFC got so bad in America
Annual global system sales by brand · 2015$9B7th of 8 · top $13BWhy KFC got so bad in America
Annual global system sales by brand · 2014$8B8th of 8 · top $13BWhy KFC got so bad in America
Annual food and drink sales in the United States through the Great Recession, which rewarded the chain giving the most food for the least money · 2009$7B1st of 5 · top $7BWhy Taco Bell got so expensive
Annual food and drink sales in the United States through the Great Recession, which rewarded the chain giving the most food for the least money · 2010$7B1st of 5 · top $7BWhy Taco Bell got so expensive
Annual food and drink sales in the United States through the Great Recession, which rewarded the chain giving the most food for the least money · 2008$6.9B3rd of 5 · top $7BWhy Taco Bell got so expensive
Annual food and drink sales in the United States through the Great Recession, which rewarded the chain giving the most food for the least money · 2006$6.6B4th of 5 · top $7BWhy Taco Bell got so expensive
Annual food and drink sales in the United States through the Great Recession, which rewarded the chain giving the most food for the least money · 2007$6.4B5th of 5 · top $7BWhy Taco Bell got so expensive
Worldwide food and drink sales in the first years after the spin-off · 1999$5.2B3rd of 3 · top $9.6BWhy Taco Bell got so expensive
Worldwide food and drink sales in the first years after the spin-off · 1997$4.8B3rd of 3 · top $8.4BWhy Taco Bell got so expensive
Average gross earnings per store in 2023 dollars · 2022$1.86M1st of 3 · top $1.86MWhy Taco Bell got so expensive
Average annual gross earnings of a single brick-and-mortar location$1,800,0002nd of 4 · top $1,950,000How much a taco truck actually makes
Average gross earnings per store in 2023 dollars · 2000$1.2M2nd of 3 · top $1.47MWhy Taco Bell got so expensive
Non-refundable upfront payment required to operate$45,0004th of 8 · top $50,000Why Crumbl won't last
Average check size against leading restaurant chains$5.9310th of 10 · top $26.50How much a taco truck actually makes

Percentages19

Against its own chart
Share of 1999 transactions by time of day · Lunch50%1st of 3 · top 50%Why Taco Bell got so expensive
Share of 1999 transactions by time of day · Dinner46%3rd of 3 · top 74%Why Taco Bell got so expensive
Share of YUM Brands profit by chain · 202036%1st of 10 · top 36%Why Taco Bell got so expensive
Share of YUM Brands profit by chain · 202235%2nd of 10 · top 36%Why Taco Bell got so expensive
Share of YUM Brands profit by chain · 201833%3rd of 10 · top 36%Why Taco Bell got so expensive
Share of YUM Brands profit by chain · 201332%4th of 10 · top 36%Why Taco Bell got so expensive
Share of YUM Brands profit by chain · 201432%4th of 10 · top 36%Why Taco Bell got so expensive
Share of YUM Brands profit by chain · 201532%4th of 10 · top 36%Why Taco Bell got so expensive
Share of YUM Brands profit by chain · 201632%4th of 10 · top 36%Why Taco Bell got so expensive
Share of YUM Brands profit by chain · 201732%4th of 10 · top 36%Why Taco Bell got so expensive
Share of YUM Brands profit by chain · 201932%4th of 10 · top 36%Why Taco Bell got so expensive
Share of YUM Brands profit by chain · 202132%4th of 10 · top 36%Why Taco Bell got so expensive
Store-level operating margin by restaurant chain in 202224%1st of 13 · top 24%Why Taco Bell got so expensive
Store-level operating margins, 201824%3rd of 6 · top 30%Why Crumbl won't last
Annual operating margins24%3rd of 8 · top 40%Why donut shops out-earn Krispy Kreme
Restaurant-level operating margins across the industry in 201019.2%3rd of 8 · top 26.6%Why Chipotle got so much worse
Store-level operating margins around the time of founding16%3rd of 6 · top 21%Why Crumbl won't last
Percentage of sales paid to the franchisor as royalties and marketing fees9.8%5th of 8 · top 12.5%Why Crumbl won't last
Royalty on gross sales charged to franchisees6%5th of 8 · top 15%How much a Texas BBQ joint actually makes

Counts18

Against its own chart
Store counts at home against everywhere else, 2022 · United States7,2322nd of 6 · top 13,444Why Taco Bell got so expensive
Store counts in the United States · 20227,2321st of 9 · top 7,232Why Taco Bell got so expensive
Store counts in the United States · 20217,0122nd of 9 · top 7,232Why Taco Bell got so expensive
Store counts in the United States · 20206,8333rd of 9 · top 7,232Why Taco Bell got so expensive
Store counts in the United States · 20196,7744th of 9 · top 7,232Why Taco Bell got so expensive
Store counts in the United States · 20186,5775th of 9 · top 7,232Why Taco Bell got so expensive
Store counts in the United States · 20176,4386th of 9 · top 7,232Why Taco Bell got so expensive
Store counts in the United States · 20166,2087th of 9 · top 7,232Why Taco Bell got so expensive
Store counts in the United States · 20156,0808th of 9 · top 7,232Why Taco Bell got so expensive
Store counts in the United States · 20145,8899th of 9 · top 7,232Why Taco Bell got so expensive
Store counts at home against everywhere else, 2022 · International9866th of 6 · top 26,831Why Taco Bell got so expensive
International store counts through Emil Brolick's tenure · 20022671st of 7 · top 267Why Taco Bell got so expensive
International store counts through Emil Brolick's tenure · 20002502nd of 7 · top 267Why Taco Bell got so expensive
International store counts through Emil Brolick's tenure · 20032493rd of 7 · top 267Why Taco Bell got so expensive
International store counts through Emil Brolick's tenure · 20052454th of 7 · top 267Why Taco Bell got so expensive
International store counts through Emil Brolick's tenure · 20012395th of 7 · top 267Why Taco Bell got so expensive
International store counts through Emil Brolick's tenure · 20042386th of 7 · top 267Why Taco Bell got so expensive
International store counts through Emil Brolick's tenure · 20062386th of 7 · top 267Why Taco Bell got so expensive

Durations1

Against its own chart
Months a restaurant must be open before it counts as comparable12 mo8th of 11 · top 24 moWhy the Popeyes chicken sandwich was so good

Case studies covering Taco Bell

Case study — Food & beverageWhy Chipotle got so much worseA weekly staple became a byword for small portions and high prices in under ten years. Here is what broke.10 min readCase study — Food & beverageHow much a Texas BBQ joint actually makesOne in three fail, brisket yields 40%, and the biggest variable in whether you survive is one magazine editor's palate.16 min readCase study — Food & beverageWhy Taco Bell got so expensiveThe most profitable chain in fast food is being squeezed hardest, and the reason is KFC and Pizza Hut.11 min readCase study — Food & beverageWhy the Popeyes chicken sandwich was so goodThe sandwich came from a decade of R&D discipline its new owners inherited and did not build. That is the problem.14 min readCase study — Food & beverageWhy donut shops out-earn Krispy KremeThe average Krispy Kreme grosses $119K a year. A 650 sq ft Portland shop grosses $600K at a 40% margin.12 min readCase study — Food & beverageHow much a taco truck actually makesTwo sisters run fifteen unbranded taco stands in LA grossing $7.58M a year. Almost nobody knows the business exists.11 min readCase study — Food & beverageWhy Crumbl won't lastMrs. Fields had its decade too. Crumbl store margins fell from 30% to 10% while corporate went from $4M to $152M.15 min readCase study — Food & beverageWhy KFC got so bad in AmericaThe same company, the same recipe, two outcomes. What changed was who owns the buildings and cooks the chicken.11 min read