Pizza Hut closing 250 US stores as parent company considers selling the brand

Pizza Hut plans to close 250 U.S. restaurants in the first half of this year as its parent company considers a sale of the chain. Yum Brands said Wednesday it’s targeting underperforming Pizza Hut restaurants in its system. Pizza Hut has more than 6,000 U.S. locations. Louisville, Kentucky-based Yum Brands said in November it was conducting a formal review of options for Pizza Hut, which has struggled with outdated stores and growing competition. The chain’s U.S. same-store sales fell 5% last year. Growth has been stronger internationally, where Pizza Hut's same-store sales rose 1%. China is Pizza Hut's second-largest market after the U.S.