Pizza Hut refurbishment increases sales but dents profits

Pizza Hut

Pizza Hut’s refurbishment programme drove up like-for-like sales by 6.2% in the year to November 29, 2015, but the cost of updating 130 outlets hit profits, which fell £1 million to £7.9 million.

Same store sales for the year was £225, up from £206 million in the prior year, although closure of under-performing outlets meant turnover was 2% lower.

Pizza Hut UK director Adrian Walker said the refurbishment programme, which aims to emphasise the operator’s American heritage, has brought a more contemporary design to the restaurants.

“The return on investment is well ahead of target and guest experience surveys are showing significant increase in overall satisfaction, value for money and intent to revisit within the next three months,” he added.

Pizza Hut expects to have three quarters of its total estate

He added that over 75% of the total estate will have been refitted by the end of the year, and there would continue to be a small number of closures where trading conditions dictate.

 

 

Authors
TAG CLOUD , ,

HAVE YOUR SAY...

*

Related posts

Top