Pizza Hut Delivery Works, Dine-In Does Not

Pizza Hut's growth strategy reflects what pizza fans have known for decades: Delivery works. Yum Brands CEO Greg Creed re-explained this strategy on the company's first-quarter earnings call Wednesday, as Pizza Hut's struggling dine-in business continues to weigh it down. Dine-in sales lag behind off-premise sales line growth by 7 percentage points, according to the company. At the root of the problem is a large misalignment in the U.S. between physical Pizza Hut store layouts and the digital business the chain expects to fuel gr