Yum Brands weighs options for Pizza Hut

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.

Reviewed by JQJO team

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