Pizza Hut closing as many as 500 dine-in restaurants

[TexasTowelie]

In a shift towards increased focus on delivery and carryout, Pizza Hut said it plans to close as many as 500 dine-in locations.

“We are leaning in to accelerate the transition of our Pizza Hut U.S. asset base to truly modern delivery/carryout assets,” said David W. Gibbs, president, chief operating officer and chief financial officer for Yum! Brands, in an Aug. 1 earnings call. “This will ultimately strengthen the Pizza Hut business in the U.S. and set it up for a faster long-term growth.

The comments were first reported by FoodBusinessNews.net.

There are about 6,100 traditional restaurant-style Pizza Huts in the U.S. and 1,350 express units.

Gibbs said the closures could bring the U.S. store count to about 7,000.

Read more: https://www.al.com/news/2019/08/pizza-hut-closing-as-many-as-500-dine-in-restaurants.html

[Sherman A1]

1. Just talking about casual dining being in trouble yesterday.

The Grub Hub / Door Dash model is eating into what has always been a tough business.

[underpants]

2. Plus a lot of local pizza places

The pie is only so big.

[JI7]

5. but those still rely on food places. it just means places can get smaller places

which are mostly take out.

[underpants]

3. Well the market is going to be flooded with sit down table top video games

Pac Man and Space Invaders especially

[pecosbob]

4. I credit both Pizza Inn and Pizza Hut with the all you can eat pizza + salad bar business model

I believe it was uncommon prior to that.

[Trumpocalypse]

6. As a life long New Yorker I have to say

their pizza sucks.

[Amishman]

7. I hope the one near my work is unaffected, I like their lunch buffet

Cheap and quick way to stuff my face if I was tied up in meetings all morning