Sales at U.S. Pizza Huts rise 4% for June-July period

 
July 14, 2003

LOUISVILLE, Ky. -- Same-store sales at U.S. corporate-owned Pizza Hut stores rose 4 percent in the four-week period ended July 12, 2003.

According to a news release from its parent company, Yum! Brands, in the prior period last year, same-store sales sank 2 percent.

Pizza Hut, which is based in Dallas, does not report same-store sales at its franchised units.

Sales at sister brands Taco Bell and KFC were mixed. The Mexican fast-food chain posted a 2 percent gain, while the chicken chain saw sales plummet 7 percent.

In the release, the company mentioned it may use its Pasta Bravo brand, acquired earlier this year, to multibrand all its U.S. brands, not just Pizza Hut. (See related story "Yum buys Pasta Bravo restaurant concept.")

David C. Novak, Yum chairman and CEO, said in the release that the company expects an even stronger second half of 2003.


Topics: Public Companies


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