Pizza Hut is an American restaurant chain and international franchise that specializes in the sale of ready-to-eat pizza products and operates in the delivery, carryout, and casual dining segments around the world The first Pizza Hut restaurant was opened in 1958 in Wichita, Kansas, and within a year, the first franchise unit was opened. Today, Pizza Hut specializes in the sale of ready-to-eat pizza products and operates in the delivery, carryout, and casual dining segments around the world. Pizza Hut has over 19,800 locations in 109 countries and territories with 99% of them franchised and over $13.3B in system sales. Pizza Hut is owned by Yum! Brand, whose other chains include KFC and Taco Bell. Pizza Hut is headquartered in Plano, TX.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.