Pizza Hut 2Q comp sales fall 1%, May-June sales rise 2%

June 18, 2003

LOUISVILLE, Ky. -- Comparable-store sales for U.S., corporate-owned Pizza Hut stores rose 2 percent for the four-week period ended June 14. The increase marks a 6 percent gain over the prior period.

According to a news release from Pizza Hut owner Yum! Brands, the pizza chain's second-quarter sales were off 1 percent, up 3 percent from the previous quarter.

Yum's international system sales, made up almost entirely of sales from Pizza Hut and KFC units, increased 6 percent prior to foreign currency conversion, 13 percent after conversion to U.S. dollars, for the four weeks ended June 14.

Related Pizza Hut stories:
SARS drops Thailand Pizza Hut sales 10%
Aussie Pizza Hut sales drag down Restaurant Brands' Q1 '03 numbers
U.S. Pizza Hut sales drop 4% in April-May period
Pizza Hut's U.S. company store sales drop 3% in Q1 '03

Topics: Public Companies

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