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Yum! Brands Inc Add to portfolio

INX:YUM, Dec 11, 04:56 UTC

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Wednesday, December 05


News

Pizza Hut execs 'dissatisfied' with growth, brand has 'a lot of work to do'

YUM

Despite a multimillion investment and a new partnership with the National Football League, Pizza Hut still hasn't been able to spark a successful turnaround. Despite Pizza Hut's weak growth, Yum Brands expects same-store sales across all three of its brands to be up between 2 percent and 3 percent in 2019, due to the strength of KFC and Taco Bell. Artie Starrs, president of Pizza Hut U.S., speaking at Yum's investor day Wednesday, said he is "dissatisfied" with Pizza Hut's growth, telling investors that the brand has "a lot of work to do." In addition, Pizza Hut has begun refurbishing its locations with a sleeker, more modern design and even transitioning some dine-in modeled stores to be more like fast casual restaurants with limited, but quick service. So far, there are 70 restaurants that have been transformed into the fast casual model and another 30 are due to open in the next 60 days.

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News

Pizza Hut to buy Chicago-based QuikOrder

YUM

QuikOrder has served the Texas-based pizza chain for nearly 20 years, including the development of Pizza Hut’s current digital ordering platforms, systems and services. About half of Pizza Hut U.S. sales were processed through QuikOrder's platform in 2018. "We're also gaining access to an immensely talented group of developers and digital innovators. Together we can more quickly provide breakthrough products and convenient services to our customers that will allow for better franchise economics over the long term." QuikOrder CEO Jim Kargman said in the statement: "We've enjoyed a long and successful partnership with Pizza Hut and I couldn't be more pleased by this next phase of our relationship. Technology and innovation are the backbone of this business and I'm excited by what the future holds." You can send us an email. Or tell us on our Facebook page or on Twitter, @CrainsChicago.

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News

Yum Brands to reduce Pizza Hut's dine-in operations, focus on delivery

YUM

The 60-year-old chain has been struggling with changing consumer tastes and stiff competition from other restaurant chains, mainly Domino's Pizza Inc, which has relied on its delivery business to drive growth. Pizza Hut's same-store sales have shown little growth since 2015, with analysts estimating a drop this year too. Artie Starrs, president of Pizza Hut's U.S. unit, said on the company's investor day that he was "extremely dissatisfied" with the pizza chain, blaming its dine-in assets, and lack of innovation and creative advertising for its poor performance. As part of a turnaround, the pizza chain is banking on its Delco outlets, which focus on delivery and carryout, and investments in new technologies. The Louisville, Kentucky-based company forecast full-year system sales growth in the mid-to-high single-digit range, adding that it was on track to deliver a profit of $3.75 per share in 2019.

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News

Pizza Hut to acquire online ordering service to learn more about customers

YUM

Pizza Hut has agreed to acquire QuikOrder, an online ordering software and service provider, for an undisclosed amount. Yum Brands CFO David Gibbs said that QuikOrder will allow the pizza chain to accelerate its growth. The deal marks the second investment Pizza Hut's parent, Yum Brands, has made this year to gain access to customer data.

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Tuesday, December 04


News

Yum Brands' Pizza Hut agrees to buy online ordering company

YUM

Yum Brands Inc.'s subsidiary Pizza Hut said late Tuesday it has agreed to buy QuikOrder, an online ordering software and service provider for the restaurant industry. The deal is expected to close later this month and terms were not disclosed, but Pizza Hut said it marked "one of Pizza Hut's largest acquisitions to date." By buying QuikOrder, "Pizza Hut U.S. will improve its ability to deliver an easy and personalized online ordering experience and accelerate digital innovation across its base of more than 6,000 restaurants in the U.S.," the company said in a statement. Yum Brands shares were flat in the extended session Tuesday after ending the regular trading day down 1.5%.

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News

Pizza Hut® U.S. To Acquire Leading Online Ordering Provider QuikOrder

YUM

By acquiring QuikOrder's online ordering capabilities, Pizza Hut U.S. will improve its ability to deliver an easy and personalized online ordering experience and accelerate digital innovation across its base of more than 6,000 restaurants in the U.S. The acquisition will include: Pizza Hut's current digital ordering platforms, systems and services and QuikOrder's in-restaurant technology and ancillary services, as well as its future generation products and programming. "We're doubling down on our commitment to digital and this deal positions Pizza Hut perfectly for the future," said Artie Starrs, President of Pizza Hut U.S. "We're also gaining access to an immensely talented group of developers and digital innovators. Together we can more quickly provide breakthrough products and convenient services to our customers that will allow for better franchise economics over the long term." The proposed acquisition supports Pizza Hut's strategic commitment to further expand its digital capabilities, by taking full advantage of the stable, highly customized platform that QuikOrder developed for Pizza Hut in a way that provides greater flexibility and efficiency.

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News

Carbon monoxide forces Taco Bell closed

YUM

(KNEP) Taco bell is closed tonight due to unsafe carbon monoxide levels. They will remain closed until a faulty hood vent in the kitchen is repaired and inspected. When Scottsbluff Fire Department arrived at the location which had already begun to air out the building, carbon monoxide levels read at 80 parts per million. The fire department did not hear any alarms when they entered the building, which had been partially aired out at the time of their arrival. The department then cleared the building, aired it out, and pinpointed the problem: The kitchen hood vent isn't functioning properly, causing carbon monoxide buildup.

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Saturday, December 01


News

Why KFC keeps trying, but failing, in Israel

YUM

KFC has tried, but failed, three times to appeal to the Israeli market. But unlike its rivals, KFC is refusing to admit defeat. The American fried chicken chain is looking to enter Israel for a fourth ...

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Friday, November 30


News

Nine ways you can get FREE food and drink on the high street right now - including KFC and Greggs

YUM GRG

KFC, Gourmet Burger Kitchen, Hotel Chocolat and Greggs are among the popular high street brands which give away treats to customers. As with everything in life, there are terms and conditions for getting your hands on the goodies, which we explain below. But it’s often quite easy to bag a freebie as it usually just involves downloading a new app or signing up for a loyalty scheme, which will give you even more rewards in the future. You can bag a free hot drink of any size if you download Caffe Nero’s app, according to offer website hotukdeals. KFC. If you download the KFC app and join the Colonel’s Club rewards scheme, you can earn virtual ‘stamps’ when you order from the menu that will get you money off food and drink. But most people don’t know that you will receive three stamps just for signing up to the club on the app. KFC advises its customers to use the stamps to get two free extra hot wings worth 99p. But our advice is to order any large side such as fries or beans instead, as they’re worth £1.59.

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Thursday, November 29


News

I visited a sit-down Pizza Hut in Dubai that's nothing like the US brand, and now I'm convinced it should return to the classic restaurants that made it famous

YUM

1 market share in the $38 billion US pizza market, as Domino's and Papa John's continue to expand. For people who grew up on Pizza Hut, its restaurants today are a pale imitation of the brand’s 1980s and 1990s heyday, when the restaurants were a buzzing place to sit down and have a meal. But the US only accounts for half of Pizza Hut’s business. When traveling, I have found that international Pizza Huts retain the upscale sit-down feel of classic Pizza Huts. It’s no secret that the brand has seen better days. Read more:I've been traveling the world for 6 months and I use the same trick in any city I visit to make sure I find amazing food. As Pizza Hut has tried to grow sales, it has turned increasingly to its competitors’ strategies of relying on low-margin, high-volume delivery and takeout locations. Yum Brand’s KFC was the first American brand in China, with Pizza Hut close behind.

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