Pizza Hut

On Tuesday, Yum Brands Inc. (NYSE:YUM) confirmed the sale of its subsidiary, Pizza Hut, to private equity firm LongRange Capital for nearly $1.5 billion. The Mainland China operations of Pizza Hut will be taken over by Yum China Holdings, Inc. (NYSE:YUMC) for nearly $1.2 billion. The...

Amid mounting pressure on U.S. pizza chains from weaker consumer spending and slowing restaurant traffic, Washington-based wood-fired pizza chain Smoking Monkey Pizza filed for Chapter 11 bankruptcy this week as it seeks to restructure its debt and reorganize operations. Parent company TB...

Yum! Brands (NYSE:YUM) shares are up, up 3.24%, on Wednesday as the company reported strong first-quarter results, with Taco Bell achieving an impressive 8% same-store sales growth. This positive performance comes amid broader market pressures, as the Consumer Discretionary sector is currently down...

Yum China Holdings, Inc. (NYSE:YUMC) stock rose Wednesday after the company reported a strong quarter, driven by solid earnings, revenue growth, and improving margins. KFC and Pizza Hut fueled the performance through higher delivery demand, steady same-store growth, and continued expansion across...

In a creative move to support job seekers, Pizza Hut, a subsidiary of Yum! Brands, Inc. (NYSE:YUM), has launched ‘ResZAmes’ during New York City’s “September Surge” hiring season. What Happened: Pizza Hut has rolled out ‘ResZAmes’ to assist job seekers in...

Key Takeaways: Yum China reported record third-quarter revenue and adjusted operating profit, which rose 15% and 10% year-on-year, respectively, in constant currency The company is widening its food prices to capture an underserved segment at the value end of China’s pizza market and expand...

Key Takeaways: Yum China plans to expand its footprint in China to 20,000 stores by 2026, as it returns to growth mode after post-pandemic normalizing The ambitious plan by the operator of KFC and Pizza Hut restaurants in China could face headwinds from growing consumer caution as the nation...

Key Takeaways: Pizza Hut has opened its 3,000th mainland China store, as it accelerates development of the chain in China following a revamp dating back to 2017 The chain has boosted its restaurant margins through automation and use of smaller store formats to extend its delivery range By...

Apple Inc‘s (NASDAQ:AAPL) customers using Apple Pay facilities can get a discount at Yum! Brands Inc’s (NYSE:YUM) Pizza Hut — but it won’t be there for long.  What Happened: On Thursday, some Apple customers received an email about getting $5 off on their next order of $15 or more...

Fast food restaurant Taco Bell is celebrating a milestone in 2022 and outlining its continued plans for international growth. What Happened: Taco Bell, a unit of Yum Brands Inc (NYSE: YUM), is opening its 100th restaurant in Spain. “Our international franchise partners and team members...

Chipotle Mexican, Grill Inc. (NYSE: CMG) founder Steve Ellis announced he was stepping down as the leader of the company in late 2017. Ellis was succeeded by industry veteran Brian Niccol, who has been credited with helping to steer the company forward from a brand crisis. Here are five things...

Yum! Brands Inc (NYSE: YUM) reported second-quarter FY21 sales growth of 34% year-on-year, to $1.60 billion, beating the analyst consensus of $1.48 billion.  Comps: Same-store sales for the quarter grew 23%. It reported a 2% unit growth Y/Y. On a 2-year basis, same-store...

Pizza Hut is the latest restaurant chain to emphasize drive-through options as the Yum! Brands, Inc. (NYSE: YUM) brand announced Tuesday a dedicated digital order pick-up window. What Happened: Pizza Hut's new pick-up window initiative is called The Hut Lane and will be made available at more...

Beyond Meat, Inc. (NASDAQ: BYND) has entered into supply deals with fast-food giants McDonald’s Corp. (NYSE: MCD) and Yum Brands! Inc. (NYSE: YUM). The announcement of the deals came on the same day that the alternative meat maker reported a wider net loss for the fourth quarter despite...

Pizza Hut customers are "super excited" with the prospect of being able to order a pizza with plant-based toppings as part of a nationwide partnership with Beyond Meat Inc (NASDAQ: BYND), Pizza Hut Interim President Kevin Hochman said Wednesday in a Fox Business interview. Value...