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Stock impact report

Popular Pizza Chain Closing 250 Locations by July [Yahoo! Finance]

Yum! Brands, Inc. (YUM) 
Last yum! brands, inc. earnings: 4/29 07:00 am Check Earnings Report
US:NYSE Investor Relations: yum.com/investors
Company Research Source: Yahoo! Finance
It's certainly a sad thing to see pizza restaurants close, since pizza has such a rich history in the U.S. and beyond. Of course, pizza didn't start in the U.S., and according to Hello Fresh , the first form of pizza evolved from flatbread, "which has been around since the ancient Greeks, Romans, Persians, and Egyptians." Now, Yum Brands , the parent company for Pizza Hut, has announced during its February earnings call that is will close 250 U.S. Pizza Hut locations in the first half of the year. If they follow that timeline, that means 250 fewer Pizza Hut locations by the end of July. Last last year, the company announced late last year that it was looking into a possible sale of the chain, after reporting a 1% decline in same-store sales in its third quarter, marking the eighth quarterly drop in a row. Beloved Pizza Company Shutting Down 250 Locations, But They'll Still Have 20,000 Worldwide "The Pizza Hut team has been working hard to address business and category challen Show less Read more
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