Pizza Hut Is Set To Close Nearly 300 U.S. Locations

Pizza Hut is set to close nearly 300 locations in the United States.Pizza Hut’s parent company Yum! Brands announced that a quarter of NPC International’s roughly 1200 locations would be closed, while the remaining locations would be sold.

“As our industry has been in the midst of dynamic changes due to shifting consumer preferences and dining behavior, we also have been facing increased labor and commodities costs and a higher level of financial leverage that presents obstacles to achieving our long-term business objectives,” said Jon Weber, CEO & President of NPC’s Pizza Hut division. “These challenges have been magnified recently by the impact and uncertainty of COVID-19, and we believe it is necessary to take proactive steps to strengthen our capital structure, so we have the financial flexibility to continue to adapt to current industry trends.”

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