PizzaHut operator bankruptcy

[dealmaker]

PizzaHut operator bankruptcy

NPC International, the largest franchisee of Wendy's and Pizza Hut, filed for bankruptcy, under pressure from COVID-19 lockdowns which have decimated the restaurant sector. The company has struggled to move towards delivery and away from traditional dine-in, as labor and food costs have risen. Bloomberg

 

[Turveyd]

I like Pizza Hut hopefully won't affect my local 1 although not been in atleast a year.

More jobs lost

 

[guru]

although not been in atleast a year

This.

 

[JSOP]

Pizza Hut's been under the water for years now and now they blame on a virus for their downfall? Really?!! That's the lamest bankruptcy I have heard so far.

 

[Turveyd]

This.

Only go for the in the day all you can eat and I likely get my VFM so my fault, sorry Pizza Hut!!

Nobody to go with in the day currently, too expensive of an evening.

And supposed to be on a diet LOL

 

[VEGASDESERT]

I remember loving Pizza Hut as a kid but as an adult you're like.. that pizza sucks.

 

[tiddlywinks]

Pizza Hut's been under the water for years now and now they blame on a virus for their downfall? Really?!! That's the lamest bankruptcy I have heard so far.

Ah. Step back from Pizza and apply this thinking to government right now... Decades worth of malfeasance in the financial affairs and budgets of pensions, states, govt entities and agencies are in play. Not in question, but in play! Quid-pro Joe even told his donors so yesterday... He will end most of Trumps tax-cuts and "a lot of you may not like it."

Make no mistake... THIS is what Wuhan Virus is all about now!

BTW, The fiscal year starts today, July 1, for many/most states. Watch the new local taxes take affect. Popcorn, not pizza.

 

[KCalhoun]

Nowadays even frozen Giovanni pizza or target fresh is better than delivery chain stuff.... I miss New York pizza

 

[zdreg]

Pizza Hut's been under the water for years now and now they blame on a virus for their downfall? Really?!! That's the lamest bankruptcy I have heard so far.

It is not a lame bankruptcy. They are saying that the virus was the tipping point which pushed them into bankruptcy, The article mentions other restaurant chains which have also recently declared bankruptcy.

 

[S2007S]

These bankruptcies are jobs that will never ever come back, with tens of thousands of small businesses staying shut for good and new bankruptcies everyday this will just snowball into a long deep recession.
However the more bankruptcies the higher equities rise.