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