Pizza Hut will be closing down nearly 300 of their restaurants in the U.S.
Yum! Brands has made an agreement to close about a quarter of NPC International's roughly 1200 locations and the remaining three-quarters will be sold, with a "substantial majority" of those affected will be Huts with dining rooms.
The closures were caused by a combo of pandemic-caused restaurant shutdowns, a debt burden of nearly $1 billion, and the rising costs of labor/food.
In recent times the once-dominant pizza chain has attempted to get away from restaurants with dining rooms, while trying to get customers to order carryout through their website/apps.
"We have continued to work with NPC and its lenders to optimize NPC's Pizza Hut restaurant footprint and strengthen the portfolio for the future, and today's joint agreement to close up to 300 NPC Pizza Hut restaurants is an important step toward a healthier business."
Photos by Getty Images