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Pizza Hut sales dips to £214m in 2018
Despite the decline, its CFO stated that the chain is “well-placed to respond to changing market conditions”.
Pizza Hut’s sales has slipped to £214m in the year-ending December 2, 2018 from £225m in 2017, partly due to the record warm weather. Its pre-tax losses narrowed from £7.5m to £6.2m.
The chain was bought out by its management, led by chief executive Jens Hofma and backed by Pricoa Capital Group, in April 2018 from Rutland Partners. It now has a five-year growth plan that includes rolling out its 'fast casual' concept.
It has also been trialling pizza deliveries via food order and delivery service Just Eat and has been expanding its unlimited lunchtime buffet offer to weekends.
