"Yum Brands said Wednesday it's targeting underperforming Pizza Hut restaurants in its system. Pizza Hut has more than 6,000 locations in the U.S. Louisville, Kentucky-based Yum Brands said in November it was conducting a formal review of options for Pizza Hut, which has struggled with outdated stores and growing competition. The chain's U.S. same-store sales, or sales at locations open at least a year, fell 5% last year, Yum said."
"International same-store sales were up 1% last year, with growth in Asia, the Middle East and Latin America, Yum said. China is Pizza Hut's second-largest market outside the U.S., accounting for 19% of sales. Pizza Hut ended 2025 with 19,974 stores globally, which was 251 fewer than it had the previous year. Pizza Hut opened nearly 1,200 stores across 65 countries last year, but closures outpaced that."
"Yum CEO Chris Turner said Wednesday that the company plans to complete its review of options for Pizza Hut this year. He declined to share further updates on the process. Pizza Hut was founded in 1958 in Wichita, Kansas. PepsiCo acquired the chain in 1977 but spun off its restaurant division - which became Yum Brands - in 1997. Yum Brands also owns KFC, Taco Bell and Habit Burger & Grill."
Pizza Hut will close 250 U.S. restaurants in the first half of the year as Yum Brands targets underperforming locations while reviewing strategic options for the chain. Pizza Hut operates more than 6,000 U.S. locations and reported U.S. same-store sales down 5% last year. Rival Domino's reported U.S. same-store sales growth of 2.7% through the first nine months. International same-store sales rose 1%, led by Asia, the Middle East and Latin America, with China accounting for 19% of sales. Pizza Hut ended 2025 with 19,974 global stores, opened nearly 1,200 locations, but recorded a net decline of 251 stores. Yum plans more global openings in 2026 and intends to complete the Pizza Hut review this year.
Read at Boston Herald
Unable to calculate read time
Collection
[
|
...
]