Since its inception back in 1958, Pizza Hut has been a spectacular attraction to anyone who loves the taste of pizza.
Providing a wide range of pizzas to its customers, all of which are lip-smacking and super affordable, Pizza Hut quickly gained a lot of fame and as of last year, it boasts to have the most number of store locations in the world.
It is one of the leading fast food chains in the world currently.
People used to flock to the dine-in Pizza Hut locations for various occasions but in recent times, due to the rise in the popularity of delivery services, the number of customers actually visiting the restaurants is far less.
For this reason, Pizza Hut has decided to shut down over 500 of its dine-in restaurants which attract far less customers than what is expected.
The decision to close these dine-in stores was made in order to give more attention to the other stores which are delivery or carry out only. The profitability of these delivery places is important to the revenue of the company.
The transition of focus from the dine-in restaurants to the delivery outlets is expected to take around 2 years time. The company expects that during the transitions, a little revenue will be lost.
There are around 7500 Pizza Hut store locations in the US alone and the total number of locations is assumed to drop to a much lower number, around 7000.
Some of these dine-in Pizza Hut restaurants are expected to be converted to Pizza Hut express, a variant of the Pizza Hut franchisee which offers a different menu compared to the normal chain of restaurants.
They have a few similar products and a few are completely new dishes which provide the customers with a wider variety of fast food items.
The little delay in time during the conversion of the restaurants to the express locations in expected to hamper the profits of the company but in the long run, the company predicts that it is going to make the company even more successful.
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