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|August 24, 2019|
Birthday parties at Pizza Hut may soon be a thing of the past
One of America's biggest pizza chains is planning to close hundreds of its dine-in restaurants in California and across the country as it shifts its focus to growing its carryout and delivery businesses.
There are currently 7,496 Pizza Hut restaurants in the United States, according to Yum! Brands, the parent company of Pizza Hut. The change will affect about 500 locations so Pizza Hut expects that number may drop to 7,000 in the next 24 months as the company closes underperforming restaurants.
“Pizza Hut continues to develop tailored action plans for our largest dine-in markets, while at the same time transforming the estate for a more compelling off-premise focused asset strategy,” Greg Creed, CEO of Yum! Brands, said during the company's earnings call on August 1st.
The shift away from focusing resources on sit-down eateries comes as many chain restaurants have been forced to battle with both the competitive prices at fast-food giants, as well as fast-casual eateries that often serve healthier fare.
Story Date: August 14, 2019