Yum! Brands Inc. is exploring a potential sale of Pizza Hut to maximize shareholder value. Q3 earnings report showed a 1% drop in same-store sales for the fast-food chain. Strategic options are being reviewed, including a complete sale of Pizza Hut, with financial advisors Goldman Sachs and Barclays onboard. Overall, Yum! Brands’ system sales grew 5% year-over-year, driven by Taco Bell and KFC’s strong performance.

Former CEO David Gibbs highlighted Yum! Brands’ focus on capturing the Gen Z market during Q2 earnings call. Initiatives like Taco Bell’s Live Más Café model aim to attract younger demographics. Gibbs expressed confidence in the company’s innovation strategy before handing over the reins to current CEO Chris Turner.

Read more at Yahoo Finance: One Of America’s Most Recognizable Restaurants Explores Sale Amid Identity Crisis As Yum! Brands Doubles Down On Gen Z Strategy