Pizza Hut franchisee talks about company’s challenges
Posted Under: Uncategorized
Making it Less Great?
The largest Pizza Hut franchisee told analysts Monday that the company does not expect a rebound in same-store-sales until late this year.
Jim Schwartz, president and chief executive of NPC International Inc., said he was disappointed and “frankly frustrated” with the company’s 12.6 percent drop in same-store-sales from continuing operations for the quarter that ended June 30.
It was the third consecutive negative quarter for the Overland Park, Kan.-based company, due in part to difficult comparisons to last year’s sales tally. That’s when Addison-based Pizza Hut launched its line of Tuscani pastas. Schwartz noted that cash-strapped consumers have been looking for less expensive meals, even among the pizza players.
“Clearly we are not pleased with our sales results,” said Schwartz, who added that his company is working with Pizza Hut management to address the sales challenges.
Despite the same-store-sales drop, Pizza Hut recorded second-quarter earnings of $3.4 million, up from $2 million last year.
NPC International says it is the world’s largest Pizza Hut franchisee with 1,151 outlets in 28 states.
By KAREN ROBINSON-JACOBS / The Dallas Morning News
krobinson@dallasnews.com
Reader Comments
I am interested in franchisee of pizza hut in Kaithal,Haryana, having 2100 Sq feet space on ground floor and same first and second floor of main road and wanted to know about the terms and conditions about the same and where should i contact for the same abu the basic requirement. plz mail me the details
I think Pizza Hut is a dying brand. If I were you I’d go for something with a younger, more dynamic image.