Pizza Hut franchisee anticipates further cost savings, value pricing in 2011
NPC International Inc., Pizza Hut’s largest franchisee, reported Tuesday a swing to profit in the fourth quarter as traffic and sales increased. NPC, based in Pittsburg, Kan., reported a profit of $3.39 million for the fourth quarter ended Dec. 28, compared with a net loss of $260,000 for the fourth quarter in 2009. Sales for the 2010 fourth quarter rose to $229.86 million, compared with $212.36 million in the year-ago period. NPC executives credited the income swing at its 1,136 Pizza ...
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Contact: Desiree Torres Desiree.Torres@penton.com