Pizza Hut sales decline 6% in Q1 due to driver shortages
Yum Brands’ other restaurant chains — Taco Bell, The Habit Burger Grill, and KFC — all saw same-store gains
Holly Petre, Nation's Restaurant News
May 04, 2022
Same-store sales are once again down at Pizza Hut, a brand that’s been rehabbing its image for the past few years, according to parent Yum Brands’ latest earnings released Wednesday. The quick-service chain’s first quarter same-store sales were down 6% in the U.S.
Louisville, Ky.-based Yum Brands — parent to KFC, Taco Bell, The Habit Burger Grill, and Pizza Hut — announced its quarterly earnings for the period ended March 31, with every brand but Pizza Hut seeing same-store sales growth.
“Our system sales grew 8% despite the difficult operating environment, a testament to the demand for our iconic brands and the unmatched operating capabilities of our world-class franchise partners. We set a Q1 development record, opening nearly 1,000 gross units,” said Yum Brands CEO David Gibbs in a release. “Momentum in our digital sales continued in the first quarter as a result of both continued system sales growth and digital mix expansion, reaching a Q1 record of approximately $6 billion.”
Digital channels continue to grow for the company, exceeding $6 billion in Q1 globally — a 15% increase over Q1 2021 — and accounting for more than 40% of orders.
“I would say that the U.S. demand is generally strong. But this is a really complex environment,” said Gibbs on the company’s earnings call...