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Yum! Brands CEO Optimistic About Pizza Hut
- BizJournals, Friday, October 10, 2014 9:45 AM
Pizza Hut has been a laggard in the sector and its revenue was flat in Q3, but the Plano, Texas-based Yum! Brands unit has brighter days ahead, said CEO David Novak. He feels Pizza Hut will see positive same-stores sales in the U.S. despite continued shortfalls. "While we are disappointed with the full-year operating profit and it will fall well short of our initial expectations, we are pleased with the progress we are making and expect it to continue in to next year," Novak told analysts.
