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Pizza Hut closing 250 US stores as parent company considers selling the brand (abcnews.go.com)

submitted 1 week ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Pizza Hut plans to close 250 U.S. restaurants in the first half of this year as its parent company considers a sale of the chain.

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Yum Brands said in November it was conducting a formal review of options for Pizza Hut, which has struggled with outdated stores and growing competition.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.

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[–] TargaryenTKE@lemmy.world 3 points 1 week ago

Worked as a wedding caterer in the Midwest for 10 years (at a couple different companies), literally every single food delivery was made through Sysco. Can hardly go a day without seeing one of their trucks on the road