Overview
- Yum! Brands retained Goldman Sachs and Barclays to advise on options for Pizza Hut.
- Potential outcomes include an outright sale, a joint venture, or a partial stake sale, with no set timetable or guaranteed result.
- Pizza Hut same-store sales fell about 1% systemwide in Q3, including a roughly 7% drop in the U.S., while Taco Bell rose 7% and KFC gained 3%.
- Yum reported Q3 revenue of about $1.98 billion, up 8%, and net income of $397 million, as digital orders reached roughly 60% of transactions.
- Pizza Hut operates nearly 20,000 restaurants in 100+ countries with roughly half of sales from the U.S., where analysts cite legacy dine‑in formats, tougher competition such as Domino’s, and “pizza fatigue” as headwinds.