Pizza Hut Closing 500 Restaurants

Are any of the 14 Pizza Hut locations in CNY slated to close?

Yum! The parent company of Pizza Hut has announced they're closing hundreds of underperforming dine-in locations as they change their focus to the carry-out and delivery portion of the business. The United States is home to 7,496 Pizza Hut locations with 6,100 traditional dine-in restaurants and 1,350 are express locations.

Today.com reports:

The change will affect about 500 locations so Pizza Hut expects that number may drop to 7,000 in the next 24 months as the company closes underperforming restaurants.

Store sales were up 2%, according to the company's earnings report. Pizza Hut is currently operating 18,515 stores worldwide, compared to the 16,823 that were open this time last year.

The company has not released any of the dine-in locations closing.