300 Pizza Huts, mostly dine-in locations, to close

10Views

August 17, 2020

Up to 300 Pizza Hut restaurants will be closed, most of them dine-in locations not well suited for carryout and delivery at a time when millions of people are sheltering and eating at home.

Pizza sales have exploded during the pandemic. Domino’s last month reported a 30% spike in quarterly profits. On Monday it said that it was hiring more than 20,000 people to handle surging orders.

Franchisee NPC International said Monday in documents filed in bankruptcy court that it had come to an agreement with Pizza Hut to close hundreds of locations. The Leawood, Kansas, company filed for bankruptcy protection last month.

NPC owns 1,225 Pizza Huts and 385 Wendys restaurants in 27 states. There are 6,700 Pizza Hut restaurants in the U.S.

In its filing, NPC said that closing stores not designed for pick-up or delivery will allow it to invest in smaller stores that can better handle online orders.

In May, Pizza Huts U.S. carryout and delivery sales reached an eight-year high, according to Yum Brands Inc., the Louisville, Kentucky, company that also owns KFC and Taco Bell.

But Pizza Huts U.S. sales grew just 1% in the April-June period; rival Dominos Pizza, which has smaller, carryout-focused stores, posted a 20% jump in U.S. sales.

Also Watch

Can An CBI Probe Reveal The Truth About Sushant Singh Rajput ? | Brass Tacks With Zakka Jacob

Yum Brands in a prepared statement said the stores being closed had underperformed others owned by NPC, and that shedding them would strengthen NPC’s remaining portfolio.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Array
(
[videos] => Array
(
[0] => Array
(
[id] => 5f3aadf5ebd3817406533237
[youtube_id] => HXdRO4Rj6jQ
300 Pizza Huts, mostly dine-in locations, to close => Can An CBI Probe Reveal The Truth About Sushant Singh Rajput ? | Brass Tacks With Zakka Jacob
)

[1] => Array
(
[id] => 5f3aabddabdb6a740e9f47af
[youtube_id] => 5W2n6p5wY5g
300 Pizza Huts, mostly dine-in locations, to close => Did Facebook Deliberately Ignore Hate Speeches By BJP Leaders For Economic Reasons?
)

)

[query] => https://pubstack.nw18.com/pubsync/v1/api/videos/recommended?source=n18english&channels=5d95e6c378c2f2492e2148a2,5d95e6c278c2f2492e214884,5d96f74de3f5f312274ca307&categories=5d95e6d7340a9e4981b2e10a&publish_min=2020-08-14T22:33:03.000Z&publish_max=2020-08-17T22:33:03.000Z&sort_by=date-relevance&order_by=0&limit=2
)

300 Pizza Huts, mostly dine-in locations, to close

Also Watch

Speak Your Mind

LEAVE A REPLY Cancel reply

Get in Touch

Recommend for You

Oh hi there It’s nice to meet you.

Subscribe and receive our weekly newsletter packed with awesome articles that really matters to you!

You might also like

EDITOR PICKS

POPULAR POSTS

POPULAR CATEGORY

About Us

Follow Us

Support Us & Be a Patreon

Add QNewsHub to your Homescreen!

Oh hi there
It’s nice to meet you.