Woes continue for Pizza Huts in Victoria

October 12, 2005

National Business Review: Restaurant Brands, the master franchisee of Pizza Hut in New Zealand and Australia, is selling some of its underperforming stores in the Australian state of Victoria to other franchisees.

Stiff competition and promotional miscues led to a comparable-store sales decline of 0.9 percent in its most recent quarter, adding to its ongoing problems in that market.