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CEO Jim Schwartz said plan underway to modernize brand
Negative same-store pizza sales were a drag on earnings for NPC International Inc., the nation’s largest Pizza Hut franchisee, in the fourth quarter ended Dec. 27, the company said Monday.
The Overland Park, Kan.-based company, which has been growing its Wendy’s burger chain holdings, said lower ingredient prices and favorable insurance adjustments helped it stem losses in the Pizza Hut division and assisted in keeping margins consistent with last year, the company said.
“Our Pizza Hut business has continued to struggle to consistently activate the consumer and drive the top-line in an otherwise thriving category,” said Jim Schwartz, NPC’s president and CEO, in a statement.
Schwartz said Pizza Hut and its franchisee association has complet...
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