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Pizza Hut hampered by unit closures, overly leveraged franchisees

Revenue and profit declines at Yum Brands tied to pizza chain troubles and Grubhub investment

Pizza Hut closures, dismal results to KFC’s Cheetos Sandwich promotion and charges tied it its Grubhub investment led to third-quarter revenue and profit declines for Yum Brands.

Correction: November 05, 2019
The story was edited to correct a same-store sales figure for Pizza Hut.

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