Pizza Hut's parent explores sale of struggling chain

Yum Brands, the parent company of Pizza Hut, is considering selling the struggling pizza chain due to intense competition and declining sales, particularly in the U.S. Pizza Hut's sales at existing locations fell by one percent in the most recent quarter, while competitors like Domino's Pizza reported a six percent rise. The company's CEO, Chris Turner, acknowledges the challenges and the need for additional action to help Pizza Hut realize its full value. The fast-food industry is also facing reduced consumer spending due to inflation and a slowdown in the job market. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.