U.S. Pizza Hut sales drop 4% in April-May period

May 22, 2003

LOUISVILLE, Ky. -- Comparable-store sales at U.S. corporate-owned Pizza Hut units dropped 4 percent for the four-week period ended May 17, 2003. According to a news release, the results mirror the chain's 4 percent loss in the same period last year.

The shift of the Easter holiday to the period had a negative 1 percent impact on Pizza Hut's sales.

Pizza Hut's parent company, Yum! Brands, does not report sales performance of its franchise stores, which make up approximately 75 percent of its system.

Sales at U.S. corporate-owned Taco Bell and KFC stores, Pizza Hut's major sister brands, fared better for the period. Taco Bell reported a 4 percent increase in same-store sales, while KFC's sales were flat.

U.S. same-store sales for two smaller Yum chains, Long John Silver's and A&W, were not included in the release.

Blended international same-store sales (made up mostly of Pizza Hut and KFC stores) were up 12 percent after conversion to U.S. dollars, or 5 percent based on local currencies.

Topics: Operations Management , Public Companies

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