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-0.00290065264684548 -0.00145032632342274 -0.00145032632342274 -0.00072516316171137 -0.00072516316171137 -0.00072516316171137 -0.00072516316171137 -0.00072516316171137
Stock impact report

Pizza Hut for sale? Parent company Yum! Brands exploring 'strategic options' [Yahoo! Finance]

Bloomin' Brands, Inc. (BLMN) 
Last bloomin' brands, inc. earnings: 2/18 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Brands announced on Tuesday, Nov. 4, that the company, which also owns Taco Bell and Kentucky Fried Chicken, would begin "a formal review of strategic options for the Pizza Hut brand," with a sale as a possibility. "The Pizza Hut team has been working hard to address business and category challenges; however, Pizza Hut's performance indicates the need to take additional action to help the brand realize its full value, which may be better executed outside of Yum! Brands," said Yum! Brands CEO Chris Turner in a news release Yum!, which has nearly 20,000 Pizza Hut restaurants worldwide, has seen Pizza Hut sales decline while its other businesses have grown. During a three-month period ending Sept. 30, Pizza Hut sales fell 2%, while Taco Bell sales rose 9% and KFC sales grew 6%. In the U.S., Pizza Hut sales declined by 7%, while Taco Bell sales increased by 9%; KFC sales remained stable. McDonald's: Fast-food giant adds more Extra Value Meals to its menu for limited time Pizza H Show less Read more
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