Pizza Hut is an American restaurant chain and international franchise which was founded in 1958 in Wichita, Kansas by Dan and Frank Carney. The company is renowned for its Italian-American cuisine menu, including pizza and pasta, along with side dishes and desserts. Pizza Hut has 18,431 restaurants worldwide as 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 allow it, and it represents a smart way for Yum! Brands to grow Pizza Hut sales further.
The very 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, as being a single location in Wichita, Kansas. Half a year later they opened another outlet and in a year they had six Pizza Hut restaurants. The brothers began franchising in 1959. The iconic Pizza Hut building style was created 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 at Manhattan, Kansas, in a shopping and tavern district called Aggieville near Kansas State University. The very first Pizza Hut restaurant east of 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, however 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 first American franchises to open in Iraq. In Europe these are in Uk, 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 then in Australia, Nz in Oceania.
The business announced a rebrand that began on November 19, 2014, in an attempt to increase sales, that had dropped in the previous two years. The menu was expanded to introduce various items such as crust flavors and 11 new specialty pizzas. Work uniforms for employees were also refreshed. In 2017, Pizza Hut was listed by UK-based company Richtopia at number 24 within the listing of 200 Most Influential Brands on earth.
On June 25 and 27, 2019, it had been reported that pizza hut buffet is bringing back their logo using the “Red Roof”, that 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 america, by the center of 2021.
Pizza Hut Delivery.
Beer Delivery Spurs Pizza Hut Sales Growth.
Few things go together in addition to beer and pizza, which can be likely why the Yum! Brands beer delivery program for its Pizza Hut chain is really a success.
It started off being a small test in Arizona in 2017 and expanded to 300 locations in seven states earlier this season. By January 2020, it ought to be in 1,000 stores — perfect timing just ahead of the Super Bowl in February.
There are 7,500 Pizza Huts inside the Usa, but alterations in dining preferences mean people aren’t eating on the restaurants as often. Data from the National Restaurant Association indicates 60% of all the restaurant transactions are off-premises, whether through the drive-thru window, takeout, or delivery.
It noted, “Today’s consumers’ on-the-go lifestyles and want for convenience are driving increased off-premises usage across all formats.”
Pizza Hut has finally recognized the modification. In a bid to make itself a bit more like rival Domino’s (NYSE:DPZ), that is almost wholly an off-premises operation, the Yum! Brands chain is converting a lot of its dine-in restaurants to a carryout/delivery format. It is going to remodel 500 on the next two years, or around 8% of the base.
Store expansion will likely be slowed whilst the conversion is underway, and it’s likely a lot of the new stores it will open will fit this format. The benefit is the fact that because such locations are smaller, they’re cheaper to produce and will be in areas where larger restaurants might not be appropriate.
It brings the shop much even closer to where the customer is, a key feature of Domino’s “fortressing” plan, which would be to load up an area with its pizza shops, even though it cuts into sales at its existing restaurants. The concept is the fact overall sales will grow even if individual operators see declines.
A much better pairing
Which may seem to be a sketchy strategy, particularly from franchisees’ perspective. But offering a better benefit from ordering from the restaurant — say, simply by making beer available — looks like a much better long-term strategy. Many Pizza Huts already have a liquor license (only those that have anybody can take part in this system).
The first pilot program offered only Anheuser-Busch InBev (NYSE:BUD) brands, including Budweiser, Bud Light, Shock Top, as well as a local craft beer. Pizza Hut subsequently expanded it to include 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 v . p . for operations, told the MillerCoors blog: “When we consider the level of new customers and incremental sales from beer delivery sales, we are able to say all have started at a significant rate. It’s an enormous initiative for all of us.”
Kicking off more growth
The beer delivery expansion could be timed perfectly for your Super Bowl. Pizza Hut scored a large coup when it replaced Papa John’s as the NFL’s official pizza sponsor. Chicken wings and pizza are two of the very most-ordered items throughout the game, and Pizza Hut offers both through its WingStreet business.
Yum! Brands has been working to formulate Pizza Hut again after having a two-decade decline in market share from 25% to 14% between 1995 and 2016. It offers since stabilized the business and comparable-store sales are up 1% year to date and twoPercent in the second quarter, improving on the flat comps in 2018.
Pizza Hut News.
A large Pizza Hut operator buys 27 Arby’s locations.
The newly formed Quality Restaurant Group adds a second logo and names Matthew Slaine CEO.
A large Pizza Hut operator features a new logo and a 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 brand new CEO in Matthew Slaine as well as acquired 27 Arby’s locations as 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 will likely be known as Quality Meats.
Slaine, meanwhile, will oversee the complete organization. He is a former CEO of Progressive Business Media, a marketing and advertising services and communications company. He had previously worked with several financial services firms.
“The opportunity that QRG has within the quick-service industry is among the best I’ve seen,” said Bob Crumley, QRG’s chairman as well as a former executive of Hardee’s franchisee Boddie-Noell Enterprises, in a statement.
Quality Huts, backed by private-equity firm GenRock Capital Management, has been rapidly acquiring Pizza Hut locations inside the Southeast. Incorporating Arby’s and introduction of Quality Restaurant Group gives it a format tamygs which it can expand further, and not just with the two existing brands.
“Having in the core of our own business two of the very most respected names within the QSR industry, like the most well-known name within the pizza category, we are primed for fulfillment using 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.