Hat-trick of Annual Losses for Pizza Hut in the UK

According to The Independent, “Pizza Hut UK suffered hefty losses for the third consecutive year in 2009, as it continued to struggle in the face of fierce competition.”

“The 710-restaurant chain, which is part of the US group Yum Brands which also owns the KFC fast-food business, blamed tough trading conditions resulting from declining consumer confidence. Pizza Hut posted pre-tax losses of £12.12m for the 52 weeks to 29 November 2009, a slight improvement on the £13.31m loss the previous year, according to accounts filed at Companies House this week. Its last UK profit of £6.88m came in 2006.”