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 renowned for its Italian-American cuisine menu, including pizza and pasta, in addition to side dishes and desserts. Pizza Hut has 18,431 restaurants worldwide since 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 may offer beer delivery, there are 22 states that permit it, and it represents a smart means for Yum! Brands to develop 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, as a single location in Wichita, Kansas. 6 months later they opened an additional outlet and within 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 is at 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 The United States, and India (not within 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 they 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 in Australia, New Zealand in Oceania.
The company announced a rebrand that began on November 19, 2014, in order to increase sales, that had dropped in the earlier two years. The menu was expanded introducing various items like 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 set of 200 Most Influential Brands on the planet.
On June 25 and 27, 2019, it had been reported that nearest pizza hut is bringing back their logo with the “Red Roof”, which was used from 1967 until 1999.
On August 7, 2019, Pizza Hut announced its intention to seal about 500 of their 7,496 dine-in restaurants in the US, by the midst of 2021.
Pizza Hut Delivery.
Beer Delivery Spurs Pizza Hut Sales Growth.
Few things go together along with beer and pizza, that is likely why the Yum! Brands beer delivery program for the Pizza Hut chain is such successful.
It began as a small test in Arizona in 2017 and expanded to 300 locations in seven states earlier this coming year. By January 2020, it ought to be in 1,000 stores — perfect timing just ahead of the Super Bowl in February.
You can find 7,500 Pizza Huts within the United states, but modifications in dining preferences mean people aren’t eating at the restaurants as much. Data from your 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 want for convenience are driving increased off-premises usage across all formats.”
Pizza Hut has finally recognized the change. 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 your carryout/delivery format. It will remodel 500 over the next 2 yrs, or around 8% of the base.
Store expansion will likely be slowed as 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 that because such locations are smaller, they’re cheaper to build up and will maintain locations where larger restaurants is probably not appropriate.
It brings the shop much nearer to in which the customer is, a key feature of Domino’s “fortressing” plan, which would be to load up an area using its pizza shops, even if it cuts into sales at its existing restaurants. The idea is that overall sales will grow even if individual operators see declines.
A much better pairing
That might seem to be a sketchy strategy, particularly from franchisees’ perspective. But offering an improved reap the benefits of ordering from your restaurant — say, by making beer available — seems like an improved long-term strategy. Many Pizza Huts already have a liquor license (only people that have one 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 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: “Whenever we consider the level of new customers and incremental sales from beer delivery sales, we could say all have become at a significant rate. It’s a huge initiative for all of us.”
Kicking off more growth
The beer delivery expansion will be timed perfectly for the Super Bowl. Pizza Hut scored a large coup if it replaced Papa John’s because the NFL’s official pizza sponsor. Chicken wings and pizza are two of the very-ordered items through 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 provides since stabilized the organization and comparable-store sales are up 1% year currently and two% 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 an additional logo and names Matthew Slaine CEO.
A big Pizza Hut operator has a new brand name and a new CEO.
Newly formed Quality Restaurant Group (QRG), which operates greater than 200 Pizza Hut locations under its Quality Huts subsidiary, this week named a new CEO in Matthew Slaine as well as 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 is going to be referred to 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 within the quick-service industry is one of 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, continues to be rapidly acquiring Pizza Hut locations within the Southeast. Incorporating Arby’s and creation of Quality Restaurant Group gives it a format tamygs which it may expand further, and not simply with the two existing brands.
“Having in the core in our business two of the most respected names in the QSR industry, such as the most well-known name inside the pizza category, our company is primed for achievement using 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 have been in the Chicago, Indianapolis, Baltimore, Pittsburgh, and South Bend, Ind., markets. Its Arby’s have been in Colorado, Montana, Nebraska, Wyoming and South Dakota.