Pizza Hut to shutter 250 ‘underperforming’ – Business News
Pizza Hut is shutting down 250 areas as its guardian company completes a strategic review of the business, warning it may probably sell off the chain.
The “underperforming” storefronts – which quantity to about 3% of Pizza Hut’s US footprint – shall be shuttered within the first half of this yr, Yum! Brands execs mentioned during a Wednesday earnings call.
Yum! Brands, which additionally owns Taco Bell and KFC, didn’t specify which Pizza Hut areas can be impacted.
Pizza Hut is shutting down 250 areas as its guardian company completes a strategic review of the business. AJITH.A – stock.adobe.com
The closures are half of a turnaround strategy known as “Hut Forward,” which incorporates advertising investments and technology upgrades, Yum! CFO Ranjith Roy mentioned during the call.
In November, Yum! introduced a strategic review into Pizza Hut, warning it may lead to a doable sale of the model down the road.
The company mentioned Wednesday that it expects the review to be accomplished this yr.
Pizza Hut has struggled to keep up with opponents, particularly prime rival Domino’s, and its new worth choices like a $5 pie have failed to appeal to cash-strapped prospects.
In 2025, US same-store gross sales dropped 5%.
The model marked a 3% decline within the fourth quarter, signaling its turnaround efforts haven’t but taken maintain.
Pizza Hut has struggled to keep up with opponents, particularly prime rival Domino’s Pizza. Pascal Huot – stock.adobe.com
Meanwhile, Taco Bell has been a standout for Yum! Brands.
US same-store gross sales jumped 7% within the fourth quarter because the fast-food chain launched widespread new menu gadgets and appealed to a big selection of prospects from high-income customers to households and youthful people.
KFC’s own turnaround course of confirmed some indicators of promise within the fourth quarter as US same-store gross sales ticked up 1%.
The fried chicken chain’s executives have been making an attempt to catch up to rivals like Raising Cane’s and Chick-fil-A.
