Started in 1958 by two brothers with an initial investment of $600, Pizza hut has grown into largest pizza chain in the world.
A subsidiary of Yum brands, Pizza hut has over 13000 outlets across the globe with more than 300000 team members in 90 countries, and at the end of 2015, Pizza Hut had 432 restaurants in India and 1903 restaurants in China. Pizza hut become No.
1 pizza restaurants in the world in terms of sales and number of outlets in 1971. It had started its first home delivery service in Australia in 1983. In 1994, Pizza hut become the first pizza restaurant chain to deliver pizza ordered through the internet. In 2016, Pizza hut has projected to open 525 pizza restaurants around the world. In 2014, it raised $3.8 million along with World Food Programme to provide 15 million meals to the children in need. Pizza Hut is the recipient of HALO award 2016 by Food News Media to recognize the efforts the company put to provide genuine high quality food products to contribute to communities a healthy and happy lifestyle.
Pizza Hut offer variety of pizzas which are customized to local preferences and tastes. Many Pizza huts, outside US, offer varieties of food items other than pizza to suit to the country in which it operates. Pizza hut has mainly three segments of product service which are carryout, casual dining and delivery. It market its brand to differentiate these segments. Over 95% of Pizza hut restaurants worldwide are franchise outlets. In 2015, the revenue from pizza hut restaurants, both company-owned and franchise outlets is $1145 million. The system-wide sales of Pizza hut in 2015 reported 2% decrease over 2014.