Yum Brands, which owns Pizza Hut, plans to close 250 restaurants out of over 6,000 in the United States during the first half of the year, as Pizza Hut struggles to compete amid growing competition. Same-store sales dropped five percent last year, while over at archrival Domino’s, same-store sales rose 2.7 percent. It’s difficult times for a restaurant that was, for a time there, a load-bearing pillar of American literacy; globally, Pizza Hut ended the year with 19,974 stores globally, down a net 251 locations year over year. The business does really well in China, evidently, which is responsible for 19 percent of sales.
Dee-Ann Durbin, The Associated Press
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