Pizza Hut to close 250 US restaurants as parent company considers selling brand

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Pizza Hut plans to close 250 underperforming US restaurants in the first half of this year. This decision comes as parent company Yum! Brands considers a potential sale of the pizza chain due to struggles with outdated restaurants and increased competition. Pizza Hut's US same-store sales declined by 5% last year, while competitor Domino's saw growth. Despite the US challenges, Pizza Hut's international performance has been stronger, with same-store sales increasing by 1% due to growth in Asia, the Middle East, and Latin America. China represents Pizza Hut's second-largest market outside of the United States.
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