By Juveria Tabassum

(Reuters) -Yum Brands said on Tuesday it was exploring strategic options for its Pizza Hut chain struggling in a highly competitive fast-food industry, and posted upbeat quarterly results on the back of demand at its Taco Bell U.S. stores.

Pizza Hut’s sales have lagged Yum Brands’ other prominent units, Taco Bell and KFC International, falling for seven consecutive quarters. In comparison, Taco Bell last reported negative comparable sales in June 2020.

“Pizza Hut’s performance indicates the need to take additional action to help the brand realize its full value, which may be better executed outside of Yum Brands,” the company’s new CEO, Chris Turner, said in a statement.

Several quarters of price hikes at restaurants, sticky inflation and economic uncertainty have f

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