LOUISVILLE, Ky. — Yum! Brands announced Tuesday the company is exploring strategic options for Pizza Hut, opening the door to a possible sale.

The company says its intent is for Pizza Hut to reach its full potential for the benefit of its franchisees, consumers and employees and to maximize value for Yum! shareholders.

Yum! Brands will explore several strategic options, including potentially the sale of Pizza Hut.

“Pizza Hut is a beloved global brand and industry innovator that connects people through the joy of pizza, and we are confident in its long-term future,” said Chris Turner, Chief Executive Officer, Yum! Brands Inc. “Pizza Hut has many strengths — including deep consumer love, a global footprint, strong growth in many markets, a talented team, and an increasingly powerful techn

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