Pizza Hut Franchisee NPC Cites Value For Jump in Sales

According to Nation’s Restaurant News, “Pizza Hut franchisee NPC International Inc. warned that the “sales environment remains extremely challenging” even while reporting higher profit and positive same-store sales for the first quarter.”

“The Overland Park, Kan.-based operator of 1,147 Pizza Hut restaurants said same-store sales grew 10.2-percent in the first quarter, helping to fuel a 57.1-percent spike in net income to $9.5 million, compared with profit of $6.0 million a year ago. Total sales grew 13.8 percent to $264.5 million for the March 30-ended quarter.  Jim Schwartz, NPC’s chief executive and president, cited Pizza Hut’s ‘$10 Any Pizza’ promotion as largely responsible for “our successful first quarter top-line results.’”

“He had projected the double-digit increase in first-quarter same-store results in March, suggesting that a sales turnaround might be in the works for the 7,500-unit domestic system of Pizza Hut, which a month later reported a 5-percent bump in same-store sales for the first quarter after suffering from negative sales trends throughout 2009.”

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