Pizza Hut Closing 250 Stores In The U.S.

Yum! Brands is closing 250 “underperforming” Pizza Hut locations in the US, which amounts to roughly 3% of its U.S. footprint.

Pizza Hut’s parent company, Yum! Brands, is conducting a strategic review of the brand, including a possible sale, with the expectation that the review will be completed this year.

Pizza Hut has struggled in the competitive pizza landscape, with a 3% decline in same-store sales for its US locations in the last quarter.

Taco Bell saw a 7% increase in same-store sales, driven by new menu items that attracted a diverse customer base, including high-income consumers, younger eaters, and families.

KFC experienced a 1% increase in same-store sales in the US and is focusing on menu innovation to compete with rivals like Raising Cane’s and Chick-fil-A.