Yum Brands weighs options for Pizza Hut | JQJO

Yum Brands said it will review strategic options for Pizza Hut, citing lagging results that may be better realized outside the company. No deadline was set; possibilities include a divestiture, joint venture or selling a stake. The chain’s same-store sales fell 1% in the third quarter, including a 6% drop in its home market, while Taco Bell rose 7% and KFC 3%. After a pandemic surge, Pizza Hut’s shift from dine-in to delivery has stalled amid pizza fatigue and tighter dining-out habits, shrinking its U.S. market share from 22.6% in 2019 to 18.7% in 2024, Barclays said.