Pizza Hut's Largest Franchisee May Go Bankrupt
NPC International operates 1,600 restaurants, including Yum! Brands' (NYSE: YUM) Pizza Hut, and recently defaulted on $800 billion of debt, as reported by Bloomberg. This comes as Pizza Hut faces mounting competitive pressure and higher operating costs.
NPC is considering options, including bankruptcy, to get out of this financial mess. It's going to take more than simply making better pizza for Yum! Brands to turn Pizza Hut around.
Image source: Getty Images.
Source Fool.com
