Pizza Hut’s Future Is Uncertain Despite $2.7B Sale

Pizza Hut’s future is uncertain despite $2.7B sale

Private ownership may enable a more drastic brand intervention for Pizza Hut, but whether that will work remains to be seen.

Yum Brands unloads Pizza Hut in $2.7 billion deal with LongRange and Yum China

Yum Brands is selling Pizza Hut in a $2.7 billion split deal as U.S. same-store sales fall for the tenth straight quarter, aiming to become a “more focused company” and authorizing an additional $4 billion share repurchase; Yum expects $2.3 billion in net proceeds, with the deal set to close in Q3 pending approvals. The post Yum Brands unloads Pizza Hut in $2.7 billion deal with LongRange and Yum China appeared first on TechStock².