Yum Brands Eyes Potential Sale of Pizza Hut

Same-store sales at Pizza Hut declined 1 percent in the third quarter, marking the eighth consecutive quarter of declines.

A Pizza Hut store in Costa Mesa, Calif., on Dec. 27, 2023. John Fredricks/The Epoch Times

Yum Brands, owner of multiple globally recognized restaurant franchises, said on Nov. 4 it was initiating a formal review of strategic options for Pizza Hut, opening the door to a potential sale of the struggling fast-food chain.

Yum Brands, based in Louisville, Kentucky, said in a statement that the intention of the review proceedings is to explore ways to maximize value for the Pizza Hut brand and its franchisees, as well as for Yum shareholders.