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Pizza Hut hampered by unit closures, overly leveraged franchiseesPizza Hut hampered by unit closures, overly leveraged franchisees

Revenue and profit declines at Yum Brands tied to pizza chain troubles and Grubhub investment

Nancy Luna, Senior editor, Nation's Restaurant News

October 30, 2019

3 Min Read
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Pizza Hut closures, dismal results to KFC’s Cheetos Sandwich promotion and charges tied it its Grubhub investment led to third-quarter revenue and profit declines for Yum Brands.

Taco Bell, however, lifted its parent company, once again. The Irvine, Calif.-based quick-service chain reported a 4% increase in same-store sales, driven by two menu promotions: Steak Reaper Ranch Fries and the return of the Triple Double Crunchwrap.

CEO Greg Creed, who bid the investor community farewell during his last earnings call, said he is “immensely proud” of the progress at Taco Bell and KFC. However, he and Yum President and Chief Operating Officer David David Gibbs spent most of the call addressing increasing challenges at Plano, Tex.-based Pizza Hut.

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About the Author

Nancy Luna

Senior editor, Nation's Restaurant News

Nancy Luna is a senior editor at Nation's Restaurant News and a contributing editor at Supermarket News. She covers the industry's largest and most talked about fast-food brands including McDonald's, Starbucks, Chipotle Mexican Grill, Taco Bell, Pizza Hut, KFC and Subway. She is an award-winning journalist with more than 25 years reporting experience. As a veteran business reporter based in Southern California, Nancy has covered some of the country's most beloved food and retail brands including In-N-Out, Taco Bell, Trader Joe's, Aldi, Whole Foods Market, Target and Costco. Luna is a graduate of Cal State Fullerton. When she's not digging for news on her beat, you can find Nancy regaling her fans about her latest dining adventures on her Fast Food Maven social media channels. Contact [email protected]  or follow her on Twitter at https://twitter.com/fastfoodmaven

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