{"id":1654,"date":"2026-06-16T16:35:30","date_gmt":"2026-06-16T16:35:30","guid":{"rendered":"https:\/\/coloradospringsmoverss.com\/?p=1654"},"modified":"2026-06-16T16:35:30","modified_gmt":"2026-06-16T16:35:30","slug":"pizza-hut-where-sales-have-lagged-with-arrival-of-delivery-culture-will-be-sold-for-2-7-billion","status":"publish","type":"post","link":"https:\/\/coloradospringsmoverss.com\/?p=1654","title":{"rendered":"Pizza Hut, where sales have lagged with arrival of delivery culture, will be sold for $2.7 billion"},"content":{"rendered":"
\n
Getting your Trinity Audio player ready…<\/strong><\/div>\n
\n

By MICHELLE CHAPMAN and DEE-ANN DURBIN, AP Business Writers<\/strong><\/p>\n

Pizza Hut, the 68-year-old chain that has long struggled with growing competition and outdated restaurants, will be sold for $2.7 billion by parent company Yum Brands.<\/p>\n

Read more 3 pedestrians injured in Denver crash where suspected drunken driver likely ran red light, police say<\/a><\/p>\n

Yum said Tuesday that the private equity firm LongRange Capital will buy Pizza Hut, excluding the mainland China business, for about $1.5 billion.<\/p>\n

The mainland China Pizza Hut will be purchased by Yum China Holdings Inc. for approximately $1.2 billion, the company said. China is Pizza Hut\u2019s second-largest market outside the U.S., accounting for 19% of sales.<\/p>\n

Yum Brands, which also owns KFC and Taco Bell,\u00a0began to explore its options\u00a0for Pizza Hut in November. Last year, Yum Brands\u2019 global sales rose 5% but Pizza Hut\u2019s sales fell 2%.<\/p>\n

In February, Yum Brands announced\u00a0plans to close\u00a0250 U.S. Pizza Hut locations. Pizza Hut had 19,974 restaurants worldwide at the end of last year.<\/p>\n

\u201cPizza Hut has long been the weak link in Yum\u2019s portfolio,\u201d Neil Saunders, managing director of GlobalData, wrote Tuesday. \u201cDespite efforts to revitalize the brand and shut underperforming locations, it has become increasingly clear that pushing the division back into growth will require a level of investment and patience that Yum is just not prepared to commit to.\u201d<\/p>\n

Pizza Hut was founded in 1958 in Wichita, Kansas, by two brothers who borrowed $600 from their mother to open the store. They chose the name because their sign only had room for eight letters.<\/p>\n

Read more High-potency cannabis fuels state debates over psychosis and addiction risks<\/a><\/p>\n

\n<\/div>\n

Pizza Hut\u2019s familiar red roof debuted in 1969 and by 1971 it was the top pizza chain in the world by sales. PepsiCo acquired Pizza Hut in 1977 but spun off its restaurant division \u2014 which became Yum Brands \u2014 in 1997.<\/p>\n

By the 1980s, Domino\u2019s was the fastest-growing U.S. pizza company, buoyed by its promise of 30-minute delivery. As carryout and delivery grew in popularity, Pizza Hut was saddled with large, dine-in restaurants.<\/p>\n

The chain has been further pinched in recent years by the growth of\u00a0DoorDash, Uber Eats and other restaurant delivery companies which marketed access to a slew of cuisines besides pizza.<\/p>\n

By selling Pizza Hut, Yum Brands can focus more on its brands with stronger sales, Yum CEO Chris Turner said.<\/p>\n

\n<\/div>\n

\u201cUnder LongRange and Yum China, Pizza Hut will be well positioned for future growth with ownership that brings deep expertise in the restaurant industry,\u201d Turner said in a statement.<\/p>\n

Yum Brands, based in Louisville, Kentucky, expects the sale in U.S. and China to close in the third quarter. The company\u2019s stock rose 3% Tuesday.<\/p>\n

Read more Colorado receives FDA permission to import cheaper drugs \u2014 including Ozempic \u2014 from Canada<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Yum! Brands is selling Pizza Hut in two deals worth $2.7 billion. LongRange Capital is buying Pizza Hut, minus the mainland China business.<\/p>\n","protected":false},"author":1,"featured_media":1653,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,4],"tags":[],"class_list":["post-1654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news"],"yoast_head":"\nPizza Hut, where sales have lagged with arrival of delivery culture, will be sold for $2.7 billion - Colorado Springs Moverss<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coloradospringsmoverss.com\/?p=1654\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pizza Hut, where sales have lagged with arrival of delivery culture, will be sold for $2.7 billion - Colorado Springs Moverss\" \/>\n<meta property=\"og:description\" content=\"Yum! Brands is selling Pizza Hut in two deals worth $2.7 billion. LongRange Capital is buying Pizza Hut, minus the mainland China business.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coloradospringsmoverss.com\/?p=1654\" \/>\n<meta property=\"og:site_name\" content=\"Colorado Springs Moverss\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-16T16:35:30+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=1654#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=1654\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/#\\\/schema\\\/person\\\/4857af3bff7f66cee0c97667a8e70c1c\"},\"headline\":\"Pizza Hut, where sales have lagged with arrival of delivery culture, will be sold for $2.7 billion\",\"datePublished\":\"2026-06-16T16:35:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=1654\"},\"wordCount\":480,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=1654#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/8063ee7f90a360d26040e66c83640545.webp\",\"articleSection\":[\"Business\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=1654#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=1654\",\"url\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=1654\",\"name\":\"Pizza Hut, where sales have lagged with arrival of delivery culture, will be sold for $2.7 billion - Colorado Springs Moverss\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=1654#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=1654#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/8063ee7f90a360d26040e66c83640545.webp\",\"datePublished\":\"2026-06-16T16:35:30+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/#\\\/schema\\\/person\\\/4857af3bff7f66cee0c97667a8e70c1c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=1654#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=1654\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=1654#primaryimage\",\"url\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/8063ee7f90a360d26040e66c83640545.webp\",\"contentUrl\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/8063ee7f90a360d26040e66c83640545.webp\",\"width\":1024,\"height\":682},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=1654#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pizza Hut, where sales have lagged with arrival of delivery culture, will be sold for $2.7 billion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/#website\",\"url\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/\",\"name\":\"Colorado Springs Moverss\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/#\\\/schema\\\/person\\\/4857af3bff7f66cee0c97667a8e70c1c\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/coloradospringsmoverss.com\"],\"url\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pizza Hut, where sales have lagged with arrival of delivery culture, will be sold for $2.7 billion - Colorado Springs Moverss","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coloradospringsmoverss.com\/?p=1654","og_locale":"en_US","og_type":"article","og_title":"Pizza Hut, where sales have lagged with arrival of delivery culture, will be sold for $2.7 billion - Colorado Springs Moverss","og_description":"Yum! Brands is selling Pizza Hut in two deals worth $2.7 billion. LongRange Capital is buying Pizza Hut, minus the mainland China business.","og_url":"https:\/\/coloradospringsmoverss.com\/?p=1654","og_site_name":"Colorado Springs Moverss","article_published_time":"2026-06-16T16:35:30+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/coloradospringsmoverss.com\/?p=1654#article","isPartOf":{"@id":"https:\/\/coloradospringsmoverss.com\/?p=1654"},"author":{"name":"admin","@id":"https:\/\/coloradospringsmoverss.com\/#\/schema\/person\/4857af3bff7f66cee0c97667a8e70c1c"},"headline":"Pizza Hut, where sales have lagged with arrival of delivery culture, will be sold for $2.7 billion","datePublished":"2026-06-16T16:35:30+00:00","mainEntityOfPage":{"@id":"https:\/\/coloradospringsmoverss.com\/?p=1654"},"wordCount":480,"commentCount":0,"image":{"@id":"https:\/\/coloradospringsmoverss.com\/?p=1654#primaryimage"},"thumbnailUrl":"https:\/\/coloradospringsmoverss.com\/wp-content\/uploads\/2026\/06\/8063ee7f90a360d26040e66c83640545.webp","articleSection":["Business","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/coloradospringsmoverss.com\/?p=1654#respond"]}]},{"@type":"WebPage","@id":"https:\/\/coloradospringsmoverss.com\/?p=1654","url":"https:\/\/coloradospringsmoverss.com\/?p=1654","name":"Pizza Hut, where sales have lagged with arrival of delivery culture, will be sold for $2.7 billion - Colorado Springs Moverss","isPartOf":{"@id":"https:\/\/coloradospringsmoverss.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coloradospringsmoverss.com\/?p=1654#primaryimage"},"image":{"@id":"https:\/\/coloradospringsmoverss.com\/?p=1654#primaryimage"},"thumbnailUrl":"https:\/\/coloradospringsmoverss.com\/wp-content\/uploads\/2026\/06\/8063ee7f90a360d26040e66c83640545.webp","datePublished":"2026-06-16T16:35:30+00:00","author":{"@id":"https:\/\/coloradospringsmoverss.com\/#\/schema\/person\/4857af3bff7f66cee0c97667a8e70c1c"},"breadcrumb":{"@id":"https:\/\/coloradospringsmoverss.com\/?p=1654#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coloradospringsmoverss.com\/?p=1654"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coloradospringsmoverss.com\/?p=1654#primaryimage","url":"https:\/\/coloradospringsmoverss.com\/wp-content\/uploads\/2026\/06\/8063ee7f90a360d26040e66c83640545.webp","contentUrl":"https:\/\/coloradospringsmoverss.com\/wp-content\/uploads\/2026\/06\/8063ee7f90a360d26040e66c83640545.webp","width":1024,"height":682},{"@type":"BreadcrumbList","@id":"https:\/\/coloradospringsmoverss.com\/?p=1654#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coloradospringsmoverss.com\/"},{"@type":"ListItem","position":2,"name":"Pizza Hut, where sales have lagged with arrival of delivery culture, will be sold for $2.7 billion"}]},{"@type":"WebSite","@id":"https:\/\/coloradospringsmoverss.com\/#website","url":"https:\/\/coloradospringsmoverss.com\/","name":"Colorado Springs Moverss","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coloradospringsmoverss.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coloradospringsmoverss.com\/#\/schema\/person\/4857af3bff7f66cee0c97667a8e70c1c","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/coloradospringsmoverss.com"],"url":"https:\/\/coloradospringsmoverss.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=\/wp\/v2\/posts\/1654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1654"}],"version-history":[{"count":0,"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=\/wp\/v2\/posts\/1654\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=\/wp\/v2\/media\/1653"}],"wp:attachment":[{"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}