Pizza Hut is an American restaurant chain and international franchise which was founded in 1958 in Wichita, Kansas by Dan and Frank Carney. The business is renowned for its Italian-American cuisine menu, including pizza and pasta, as well as side dishes and desserts. Pizza Hut has 18,431 restaurants worldwide since 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 the world’s largest restaurant companies.
Although state and local laws limit where it may offer beer delivery, you will find 22 states that permit it, and it also 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. Six months later they opened another outlet and in a year that 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 was in Manhattan, Kansas, in a shopping and tavern district called Aggieville near Kansas State University. The very 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 The United States, and India (not inside the Pizza Hut division, nevertheless 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 a part 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 open up in Iraq. In Europe these are 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 then in Australia, New Zealand in Oceania.
The company announced a rebrand that began on November 19, 2014, in an attempt to increase sales, that had dropped in the earlier two years. The menu was expanded introducing 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 in the listing of 200 Most Influential Brands on earth.
On June 25 and 27, 2019, it absolutely was reported that nearest pizza hut is returning their logo using the “Red Roof”, which had been 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 middle of 2021.
Pizza Hut Delivery.
Beer Delivery Spurs Pizza Hut Sales Growth.
Few things go together as well as beer and pizza, which is likely why the Yum! Brands beer delivery program for the Pizza Hut chain is such a hit.
It started out as being a small test in Arizona in 2017 and expanded to 300 locations in seven states earlier this season. By January 2020, it should be in 1,000 stores — perfect timing just ahead of the Super Bowl in February.
You will find 7,500 Pizza Huts within the U.S., but changes in dining preferences mean people aren’t eating on the restaurants as frequently. Data from the National Restaurant Association indicates 60% of all restaurant transactions are off-premises, whether using the drive-thru window, takeout, or delivery.
It noted, “Today’s consumers’ on-the-go lifestyles and need 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 little bit more like rival Domino’s (NYSE:DPZ), which is almost wholly an off-premises operation, the Yum! Brands chain is converting most of its dine-in restaurants to your carryout/delivery format. It can remodel 500 within the next a couple of 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 does open will fit this format. The main benefit is the fact because such locations are smaller, they’re cheaper to develop and can be in areas where larger restaurants may not be appropriate.
It brings a store much even closer to where customer is, an important feature of Domino’s “fortressing” plan, which would be to load up a place featuring its pizza shops, even though it cuts into sales at its existing restaurants. The idea is the fact overall sales will grow even when individual operators see declines.
A much better pairing
Which may seem like a sketchy strategy, particularly from franchisees’ perspective. But offering a much better take advantage of ordering from your restaurant — say, simply by making beer available — appears like a better long-term strategy. Many Pizza Huts have a liquor license (only people that have you can take part in this system).
The initial 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 v . p . for operations, told the MillerCoors blog: “Whenever we glance at the quantity of new customers and incremental sales from beer delivery sales, we are able to say all have grown with a significant rate. It’s an enormous initiative for people.”
Kicking off more growth
The beer delivery expansion could be timed perfectly for the Super Bowl. Pizza Hut scored a huge coup in the event it replaced Papa John’s since the NFL’s official pizza sponsor. Chicken wings and pizza are two of the most-ordered items during the game, and Pizza Hut offers both through its WingStreet business.
Yum! Brands continues to be working to build up Pizza Hut again following 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 currently and 2% in the second quarter, improving on the flat comps in 2018.
Pizza Hut News.
A huge Pizza Hut operator buys 27 Arby’s locations.
The newly formed Quality Restaurant Group adds an additional logo and names Matthew Slaine CEO.
A big Pizza Hut operator includes a new brand name and a whole new CEO.
Newly formed Quality Restaurant Group (QRG), which operates a lot more than 200 Pizza Hut locations under its Quality Huts subsidiary, in the week named a whole new CEO in Matthew Slaine and also acquired 27 Arby’s locations since 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 referred to 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 inside the quick-service industry is among the best I’ve seen,” said Bob Crumley, QRG’s chairman and a former executive of Hardee’s franchisee Boddie-Noell Enterprises, in a statement.
Quality Huts, backed by private-equity firm GenRock Capital Management, has become rapidly acquiring Pizza Hut locations inside the Southeast. Adding Arby’s and creation of Quality Restaurant Group gives it a format tamygs which it can expand further, and not merely with the two existing brands.
“Having in the core in our business two of the very most respected names inside the QSR industry, such as the most well-known name in the pizza category, we are primed for achievement with 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 are in Colorado, Montana, Nebraska, Wyoming and South Dakota.