Pizza Hut is an American restaurant chain and international franchise that was founded in 1958 in Wichita, Kansas by Dan and Frank Carney. The business is known for its Italian-American cuisine menu, including pizza and pasta, as well as side dishes and desserts. Pizza Hut has 18,431 restaurants worldwide as of December 31, 2018, making it the world’s largest pizza chain when it comes 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 could offer beer delivery, you will find 22 states that enable it, plus it represents a smart way for Yum! Brands to grow Pizza Hut sales further.
The initial 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 an additional 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 designed 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 known as Aggieville near Kansas State University. The very first Pizza Hut restaurant east in 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 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 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; as well as in Australia, Nz in Oceania.
The business announced a rebrand that began on November 19, 2014, in an effort to increase sales, which had dropped in the last 2 yrs. 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 inside the listing of 200 Most Influential Brands in the World.
On June 25 and 27, 2019, it had been reported that pizza hut near me 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 its 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 in addition to beer and pizza, that is 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 season. By January 2020, it should be in one thousand stores — perfect timing just in front of the Super Bowl in February.
There are 7,500 Pizza Huts in the U.S., but modifications in dining preferences mean people aren’t eating at the restaurants as often. Data from the National Restaurant Association indicates 60% of all restaurant transactions are off-premises, whether through 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 alteration. In a bid to create itself a little more like rival Domino’s (NYSE:DPZ), which is almost wholly an off-premises operation, the Yum! Brands chain is converting a lot of its dine-in restaurants to your carryout/delivery format. It will remodel 500 on the next a couple of years, or around 8% of their base.
Store expansion will be slowed while the conversion is underway, and it’s likely a lot of the new stores it can open will fit this format. The benefit is the fact that because such locations are smaller, they’re cheaper to develop and may remain in locations where larger restaurants may not be appropriate.
It brings a store much even closer to in which the customer is, a vital feature of Domino’s “fortressing” plan, which would be to load up a place using its pizza shops, even if it cuts into sales at its existing restaurants. The idea is that overall sales will grow even though individual operators see declines.
A much better pairing
That may sound like a sketchy strategy, particularly from franchisees’ perspective. But offering a better benefit from ordering from your restaurant — say, through making beer available — appears like a much better long term strategy. Many Pizza Huts have a liquor license (only those that have you can participate in this system).
The initial pilot program offered only Anheuser-Busch InBev (NYSE:BUD) brands, including Budweiser, Bud Light, Shock Top, in addition to 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 glance at the amount of new clients and incremental sales from beer delivery sales, we can say all have grown at a significant rate. It’s an enormous initiative for us.”
Kicking off more growth
The beer delivery expansion would be timed perfectly for your Super Bowl. Pizza Hut scored a big coup if it replaced Papa John’s as the NFL’s official pizza sponsor. Chicken wings and pizza are two of the most-ordered items through the game, and Pizza Hut offers both through its WingStreet business.
Yum! Brands has been working to build up 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 to date and twoPercent inside 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 another brand name and names Matthew Slaine CEO.
A large Pizza Hut operator has 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 whole new CEO in Matthew Slaine and in addition 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 known as Quality Meats.
Slaine, meanwhile, will oversee the whole organization. He 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 inside the quick-service industry is probably 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 in the Southeast. Incorporating Arby’s and creation of Quality Restaurant Group gives it a format tamygs which it could expand further, and not merely with the two existing brands.
“Having on the core of our business two of the most respected names within the QSR industry, such as the most popular name inside the pizza category, we have been primed for success with a significant pipeline of growth opportunities across our current and future brands,” said Matthew Ailey, founder of GenRock, in a statement.
Quality Restaurant Group’s Pizza Hut locations are in the Chicago, Indianapolis, Baltimore, Pittsburgh, and South Bend, Ind., markets. Its Arby’s have been in Colorado, Montana, Nebraska, Wyoming and South Dakota.