Pizza Hut

Technology

Taco Bell owner Yum creates a new technology platform

Byte by Yum will consolidate the technology capabilities the company has developed or acquired over the years.

Financing

The downfall of Eduardo Diaz's Pizza Hut empire

The Bottom Line: How did one of the pizza chain’s largest franchisees fall out of favor with the brand and lose nearly 90% of its value in just three years?

The pizza chain itself is among the buyers who won the right to buy restaurants owned by the bankrupt EYM Group for nearly $12 million. The locations are in Illinois, Wisconsin, Georgia and South Carolina.

Parent company Yum Brands terminated the franchisee, IS Gida, saying the operator failed to meet the company’s standards. The franchisee operated more than 500 restaurants in Turkey.

The chain is testing a new restaurant design with a drive-thru, kiosks and mobile order pickup stations. The location also features a “Hut ‘N Go” menu with items ready to go.

The Bottom Line: Major pizza brands like Domino’s, Papa Johns and Pizza Hut are trading share with independents. And fast-casual brands are in decline. The sector has a smaller market, thanks to third-party delivery.

The Mexican chain’s same-store sales rose 4% last quarter. But a host of other brands reported falling sales amid a difficult environment.

Marketing Bites: The chain is offering up a free Moving Box Table, providing a dining spot for those in the midst of a move.

EYM Pizza, which has traded lawsuits with Pizza Hut over the franchisor’s efforts to terminate the stores over unpaid royalties, sought Chapter 11 bankruptcy protection in Texas.

Operator EYM Pizza closed 15 locations in Indiana amid a lawsuit from the pizza chain franchisor over unpaid royalties and poor performance.

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