Pizza Hut is an American restaurant chain and international franchise that was founded in 1958 in Wichita, Kansas by Dan and Frank Carney. The company is known for its Italian-American cuisine menu, including pizza and pasta, along with side dishes and desserts. Pizza Hut has 18,431 restaurants worldwide at the time of December 31, 2018, making it the world’s largest pizza chain with regards to locations. It is a subsidiary of Yum! Brands, Inc., one of many world’s largest restaurant companies.
Although state and local laws limit where it may offer beer delivery, you can find 22 states that enable it, and it represents a smart method for Yum! Brands to cultivate Pizza Hut sales further.
The first Pizza Hut (pictured) opened on June 15, 1958, in Wichita, Kansas.
Pizza Hut was founded in June 1958 by two Wichita State University students, brothers Dan and Frank Carney, being a single location in Wichita, Kansas. 6 months later they opened a second outlet and within a year they had six Pizza Hut restaurants. The brothers began franchising in 1959. The iconic Pizza Hut building style was made in 1963 by Chicago architect George Lindstrom, and was implemented in 1969. PepsiCo acquired Pizza Hut in November 1977.
Before closing in 2015, the oldest continuously operating Pizza Hut is in Manhattan, Kansas, in a shopping and tavern district called Aggieville near Kansas State University. The first Pizza Hut restaurant east from the Mississippi River was opened in Athens, Ohio, in 1966 by Lawrence Berberick and Gary Meyers.
Pizza Hut’s international presence includes Canada and Mexico in North America, and India (not inside the Pizza Hut division, but in the Yum! India division), Bangladesh, Pakistan, Japan, Saudi Arabia, the United Arab Emirates, Qatar, the Philippines, Vietnam, Thailand, Malaysia, Singapore, Indonesia, Brunei Darussalam, China (now element of Yum! spinoff Yum China), Hong Kong, Taiwan, South Korea, Myanmar, and Macau in Asia. Pizza Hut was one of the primary American franchises to start in Iraq. In Europe they may be in United Kingdom, Sweden, Norway, Finland, Germany, Spain, Turkey; in Honduras, Costa Rica, El Salvador, Guatemala, Colombia, Nicaragua, Venezuela, Chile, Brazil, Peru and Ecuador, in South and Central America; in Ethiopia, South Africa and Tanzania in Africa; and in Australia, Nz in Oceania.
The business announced a rebrand that began on November 19, 2014, in an attempt to increase sales, which had dropped in the earlier a couple of years. The menu was expanded to introduce various items such as crust flavors and 11 new specialty pizzas. Work uniforms for workers were also refreshed. In 2017, Pizza Hut was listed by UK-based company Richtopia at number 24 inside the set of 200 Most Influential Brands on earth.
On June 25 and 27, 2019, it was reported that where is the nearest Pizza Hut is bringing back their logo with all the “Red Roof”, which was used from 1967 until 1999.
On August 7, 2019, Pizza Hut announced its intention to close about 500 of the 7,496 dine-in restaurants in the US, by the middle of 2021.
Pizza Hut Delivery.
Beer Delivery Spurs Pizza Hut Sales Growth.
Few things go together along with beer and pizza, which can be likely why the Yum! Brands beer delivery program because of its Pizza Hut chain is really a hit.
It began being a small test in Arizona in 2017 and expanded to 300 locations in seven states earlier this coming year. By January 2020, it should be in 1,000 stores — perfect timing just in front of the Super Bowl in February.
You will find 7,500 Pizza Huts inside the Usa, but alterations in dining preferences mean people aren’t eating in the restaurants as often. Data through the National Restaurant Association indicates 60% of restaurant transactions are off-premises, whether using the drive-thru window, takeout, or delivery.
It noted, “Today’s consumers’ on-the-go lifestyles and require for convenience are driving increased off-premises usage across all formats.”
Pizza Hut has finally recognized the modification. In a bid to create itself a bit more like rival Domino’s (NYSE:DPZ), which can be almost wholly an off-premises operation, the Yum! Brands chain is converting a lot of its dine-in restaurants to some carryout/delivery format. It will remodel 500 over the next 2 yrs, or around 8% of its base.
Store expansion will be slowed as the conversion is underway, and it’s likely a lot of the new stores it can open will fit this format. The advantage is that because such locations are smaller, they’re cheaper to develop and can be in places that larger restaurants is probably not appropriate.
It brings a store much nearer to in which the customer is, an important feature of Domino’s “fortressing” plan, which is to load up a location featuring its pizza shops, even though it cuts into sales at its existing restaurants. The thought is the fact that overall sales will grow even if individual operators see declines.
A much better pairing
Which may sound like a sketchy strategy, particularly from franchisees’ perspective. But offering an improved benefit from ordering from your restaurant — say, by making beer available — looks like a much better long-term strategy. Many Pizza Huts curently have a liquor license (only those that have anybody can get involved in this program).
The first pilot program offered only Anheuser-Busch InBev (NYSE:BUD) brands, including Budweiser, Bud Light, Shock Top, and also a local craft beer. Pizza Hut subsequently expanded it to add beer from Molson Coors’ (NYSE:TAP) MillerCoors division, which supported the pilot with advertising. The response was overwhelming, from consumers and franchisees.
Wanda Williams, Pizza Hut’s vice president for operations, told the MillerCoors blog: “Once we consider the level of new clients and incremental sales from beer delivery sales, we can say all have grown in a significant rate. It’s a huge initiative for people.”
Kicking off more growth
The beer delivery expansion would be timed perfectly for your Super Bowl. Pizza Hut scored a big coup in the event it replaced Papa John’s because the NFL’s official pizza sponsor. Chicken wings and pizza are two of the most-ordered items throughout the game, and Pizza Hut offers both through its WingStreet business.
Yum! Brands has become working to develop Pizza Hut again following a two-decade decline in market share from 25% to 14% between 1995 and 2016. It provides since stabilized the organization and comparable-store sales are up 1% year up to now and 2% within the second quarter, improving on the flat comps in 2018.
Pizza Hut News.
A big Pizza Hut operator buys 27 Arby’s locations.
The newly formed Quality Restaurant Group adds another brand and names Matthew Slaine CEO.
A sizable Pizza Hut operator has a new logo and a whole new CEO.
Newly formed Quality Restaurant Group (QRG), which operates greater than 200 Pizza Hut locations under its Quality Huts subsidiary, in the week named a new CEO in Matthew Slaine and also acquired 27 Arby’s locations because it branches out into another brand.
The Raleigh, N.C.-based company acquired the 27 locations from another franchisee, the Bentley-Miller Group. The Arby’s division is going to be known as Quality Meats.
Slaine, meanwhile, will oversee the whole organization. He or she is a former CEO of Progressive Business Media, an advertising and marketing services and communications company. He had previously worked with several financial services firms.
“The opportunity that QRG has in the quick-service industry is one of the best I’ve seen,” said Bob Crumley, QRG’s chairman along with a former executive of Hardee’s franchisee Boddie-Noell Enterprises, in a statement.
Quality Huts, backed by private-equity firm GenRock Capital Management, continues to be rapidly acquiring Pizza Hut locations inside the Southeast. Incorporating Arby’s and creation of Quality Restaurant Group gives it a format tamygs which it may expand further, and not merely with all the two existing brands.
“Having on the core in our business two of the most respected names inside the QSR industry, such as the most popular name inside the pizza category, our company is primed for success having a significant pipeline of growth opportunities across our current and future brands,” said Matthew Ailey, founding father of GenRock, in a statement.
Quality Restaurant Group’s Pizza Hut locations will be in the Chicago, Indianapolis, Baltimore, Pittsburgh, and South Bend, Ind., markets. Its Arby’s will be in Colorado, Montana, Nebraska, Wyoming and South Dakota.