US EditionYum Brands to review strategic options for Pizza Hut, opening the door to a sale
Yum Brands evaluates options including sale or joint venture for Pizza Hut after seven quarters of U.S. sales decline, with a 6% drop reported in Q3 2025, CEO Chris Turner said.
- On Tuesday, Nov. 4, Yum Brands announced it initiated a formal review of strategic options for the Pizza Hut brand, with a sale possible, CEO Chris Turner said.
- Pizza Hut's U.S. performance has weakened as sales fell 7% across around 6,500 U.S. stores, struggling against Domino's Pizza and Papa John's with outdated dine-in formats.
- Earnings data indicate Pizza Hut's same-store sales fell 1% in the third quarter while Taco Bell rose 7% and KFC grew 3%, as Yum's revenue rose 8% and digital system sales hit $10 billion.
- The company retained Goldman Sachs and Barclays as financial advisers for the strategic review, set no deadline, and Yum Brands announced it will not comment further for now.
- Pizza Hut's global scale — nearly 20,000 restaurants worldwide and 2% international sales growth this year — contrasts with peers like Starbucks and Jack in the Box divesting troubled assets.
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143 Articles
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Pizza Hut could soon be up for sale. Yum Brands, Pizza Hut’s parent company, said Tuesday it’s conducting a formal review of options for the brand, which has struggled to compete in a crowded pizza market. Yum CEO Chris Turner said Pizza Hut has many strengths, including a global footprint and strong growth in many markets. Pizza Hut has nearly 20,000 stores in more than 100 countries, and its international sales were up 2% in the first nine mon…
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