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Yum Brands mulls over Pizza Hut sale
f2m puzza hut uk

Yum Brands is evaluating ‘strategic options’ for its Pizza Hut company, which could also include a sale, The Wall Street Journal reports. With almost 20,000 restaurants worldwide, Pizza Hut has seen declining US sales for the past eight quarters, despite recording an increase in some markets around the world. Roughly 42% of the pizza chain’s total sales come from the U.S, according to the financial publication.

Yum Brands’ new CEO, Chris Turner, said in a statement: “Pizza Hut’s performance indicates the need to take additional action to help the brand realize its full value, which may be better executed outside of Yum Brands.”

Yum Brands has not set a deadline for this review and a possible sale is not the only strategy under evaluation, the company stated. Pizza Hut has nearly 20,000 restaurants worldwide, which account for approximately 11% of Yum Brands’ annual operating profits, according to a Reuters report.

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