NYSE:YUMHospitality
Yum Brands Weighs Pizza Hut Sale As Portfolio Reset Accelerates
Yum! Brands is exploring a potential sale of its Pizza Hut brand.
The company plans to close 250 underperforming Pizza Hut locations in the U.S. as part of a broader review of the business.
These moves point to a reset of Yum! Brands' brand mix and operational footprint that could affect franchisees and long term plans.
For investors watching NYSE:YUM, the Pizza Hut review comes at a time when the stock is trading at $168.16. Shares are up 3.0% over the past week, 8.1% over the past month,...