Sweetgreen, Chipotle, Chopt, and Panera also saw customer traffic decline as the Cyclospora lettuce outbreak linked to Taco Bell raised broader concerns among salad-focused chains.
No FDA recall, no link to illnesses, and TD Cowen sees only short-term risk for Yum! Brands.
LongRange Capital will acquire the brand outside China, while Yum China buys the China operations. The deal ends years of underperformance for the pizza chain.
Yum! Brands may sell Pizza Hut to LongRange Capital as sales fall and stores close; deal still not finalized.
Papa John’s and Pizza Hut may be sold as costs rise and sales fall; investors consider taking them private for easier restructuring.
Yum! Brands initiates strategic review for Pizza Hut after seven consecutive quarters of declining sales. Exploring potential sale or restructuring as brand struggles in competitive pizza market.
