Wednesday, 28 March 2012

Pizza Hut plans Canadian expansion

Pizza Hut plans Canadian expansion
 March 27, 2012 Francine Kopun
http://pizzahut.ca/  facebook page     @pizzahutcanada
Pizza Hut is looking for franchisees across Canada to open 100 new locations in the next five years, driven by the Yum! Brands Inc. stated goal of dominating the world’s quick-service food market.
The Pizza Hut franchise model has been revamped, with smaller buildings and footage to reduce operating costs, faster equipment, and new products, including pasta and chicken wings.
The minimum cash requirement is $150,000 and assets of at least $500,000, says Canada president Sabir Sami.Pizza Hut is a division of Yum! Brands Inc., which also owns KFC, Taco Bell and A&W. Yum! is expanding worldwide, from China to Nigeria
“The expansion, while it is quite aggressive, it still is healthy expansion,” said Sami. “We have been consistent in results.”
In 2010 YUM! EPS growth was 17 per cent, excluding special items. Share price increased 40 per cent.
Pizza Hut Canada has more than 300 delivery and dine-in restaurants.

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