Pizza Hut Tim Boyle/Getty Images

Pizza Hut sales drag on NPC earnings

CEO Jim Schwartz said plan underway to modernize brand

Negative same-store pizza sales were a drag on earnings for NPC International Inc., the nation’s largest Pizza Hut franchisee, in the fourth quarter ended Dec. 27, the company said Monday.

The Overland Park, Kan.-based company, which has been growing its Wendy’s burger chain holdings, said lower ingredient prices and favorable insurance adjustments helped it stem losses in the Pizza Hut division and assisted in keeping margins consistent with last year, the company said.&n

All access premium subscription

Why Upgrade your account?


NRN is your one-stop source for foodservice news and business intelligence. Upgrade today and get unlimited online access to all breaking news, in-depth analysis, data and tools. This includes digital versions of NRN flagship reports (Consumer Picks, Top 200) as well as Same Store Sales Data Tables, Quarterly Industry Snapshots and more.


Questions about your account or how to access content?
Contact: Desiree Torres [email protected]

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish