Yum Brands Explores Sale of Pizza Hut

Yum Brands is evaluating strategic options for its Pizza Hut business, including a possible sale of all or parts of the struggling brand.

The restaurant-chain owner said Tuesday that Pizza Hut has worked hard to turn around its business, but might need more resources outside of Yum Brands to succeed.

"We do think the business can be positioned for even greater success in the future," said Chris Turner, Yum's new chief executive, on an earnings call.

Pizza Hut is the second-largest pizza-restaurant operator...

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