Franopolis

    Pizza Hut, Inc.

    Franchise research report · reviewed 2026 disclosure data

    Researching Pizza Hut, Inc. franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources
    Franchising since
    1959
    Source: franchise.org
    Headquarters
    Plano, TX United States
    Source: franchise.org

    Pizza Hut sells pizza, chicken wings and related restaurant menu items. Customers can order for delivery or carryout online, through its app or by contacting a participating restaurant.

    Headline figures

    Quick facts

    Does Pizza Hut, Inc. disclose financial performance (Item 19)?
    No. The reviewed Pizza Hut, Inc. FDD states that it does not make a financial performance representation in Item 19. Details
    How many Pizza Hut, Inc. locations are there?
    The FDD reports 2,482 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 47). Existing locations do not indicate territory availability. Details

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1The franchisor makes no financial performance representation in Item 19.
    2. 2Outlets declined by 178 in 2025, to 2,482 (United States, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    17 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    No financial performance representation in Item 19

    The reviewed 2026 FDD for Pizza Hut, Inc. has no Item 19 figures on record. Franopolis does not estimate revenue or earnings in their place; ask the franchisor and current owners what unit-level information they can share.

    Outlet Changes — Item 20

    How has the outlet count changed?

    United States, as labeled in the FDD · counts as of 2025 of each year.

    2026 FDD · Item 20 · PDF p. 47

    Net −148 outlets, 2023–2025

    02,63020232,66020242,4822025+30−178

    Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Pizza Hut, Inc. reports no financial performance figures in Item 19. What information can you share about unit-level results?

    • Reported units decreased from 2,660 to 2,482 in 2025. What drove the change?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Outlet counts — Item 20, Table 1 · PDF p. 47

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD

    Territory & operations

    1,362 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025cash$1,060
    2025restricted cash and restricted cash equivalents$5
    2025accounts and notes receivable$93,354
    2025due from affiliate, pizza hut of america$14,589
    2025franchise incentivesMore than one value recorded for this year — open the FDD source before comparing$5,140
    2025total current assets$117,109
    2025software and computer equipment, net$321
    2025franchise incentivesMore than one value recorded for this year — open the FDD source before comparing$27,658
    2025other assets$1,010
    2025total assets$146,098
    2025short-term borrowings$1,978
    2025deferred franchise fees - st$947
    2025deferred franchise fees$6,362
    2025other liabilities$679
    2025member's equity$69,102
    2025franchise and license revenues$261,236
    2025franchise contributions for advertising and other services$218,441
    2025total revenues$479,677
    2025general and administrative expenses$54,680
    2025franchise and license expenses$23,070
    2025total costs and expenses$296,611
    2025net income$195,222
    2025allowance for$196
    2025depreciation and amortization$4,596
    2025change in due from affiliate, pizza hut of america-$1,304
    2025change in prepaid expense and other assets-$833
    2025change in accounts payable and other liabilities-$6,588
    2025net cash provided by operating activities$176,102
    2025purchases of software and computer equipment-$20
    2025more than three months-payments-$86,353
    2025net cash used in financing activities-$191,444
    2025net change in cash, restricted cash and restricted cash equivalents-$15,362
    2025cash, restricted cash and restricted cash equivalents, end of year$1,065
    2025accounts payable and other current liabilities$67,030
    2025other income$12,156
    2025change in deferred income and deferred franchise fees$573
    2025prepaid expenses and other current assets$2,961
    2025total current liabilities$69,955
    2025total liabilities and member's equity$146,098
    2025franchise advertising and other services expense$218,861
    2025change in accounts and notes receivable-$11,806
    2025total liabilities$76,996
    2025short-term borrowings, by original maturity more than three months-proceeds$88,331
    2025net cash swept to yum! brands, inc. and affiliate-$193,422
    2025change in franchise incentives-$3,954
    2024cash$379
    2024accounts and notes receivable$81,744
    2024prepaid expenses and other current assets$2,128
    2024software and computer equipment, net$488
    2024other assets$1,010
    2024total assets$149,558
    2024accounts payable and other current liabilities$73,799
    2024deferred franchise fees$7,000
    2024other liabilities$498
    2024total liabilities$82,256
    2024member's equity$67,302
    2024total liabilities and member's equity$149,558
    2024franchise and license revenues$288,807
    2024franchise and license expenses$17,127
    2024franchise advertising and other services expense$240,993
    2024net income$226,784
    2024allowance for$21,405
    2024depreciation and amortization$4,438
    2024change in accounts and notes receivable-$12,010
    2024change in prepaid expense and other assets$426
    2024change in accounts payable and other liabilities-$19,185
    2024net cash swept to yum! brands, inc. and affiliate-$226,900
    2024change in franchise incentives-$1,400
    2024purchases of software and computer equipment-$168
    2024net change in cash, restricted cash and restricted cash equivalents-$7,368
    2024cash, restricted cash and restricted cash equivalents, end of year$16,428
    2024deferred franchise fees - st$959
    2024total costs and expenses$315,410
    2024net cash provided by operating activities$219,700
    2024due from affiliate, pizza hut of america$13,285
    2024franchise incentivesMore than one value recorded for this year — open the FDD source before comparing$4,962
    2024franchise incentivesMore than one value recorded for this year — open the FDD source before comparing$29,513
    2024total current liabilities$74,758
    2024total current assets$118,547
    2024general and administrative expenses$57,290
    2024other income$12,603
    2024franchise contributions for advertising and other services$240,784
    2024total revenues$529,591
    2024restricted cash and restricted cash equivalents$16,049
    2024change in due from affiliate, pizza hut of america-$300
    2024change in deferred income and deferred franchise fees-$458
    2023franchise contributions for advertising and other services$249,440
    2023total revenues$534,173
    2023general and administrative expenses$54,638
    2023franchise and license expenses$6,703
    2023franchise advertising and other services expense$250,461
    2023other income$9,472
    2023net income$231,843
    2023allowance for-$777
    2023change in accounts and notes receivable-$2,409
    2023change in due from affiliate, pizza hut of america-$1,094
    2023change in accounts payable and other liabilities-$22,910
    2023change in deferred income and deferred franchise fees$590
    2023change in franchise incentives-$4,386
    2023net cash provided by operating activities$206,757
    2023cash, restricted cash and restricted cash equivalents, beginning of year$44,104
    2023franchise and license revenues$284,733
    2023purchases of software and computer equipment-$76
    2023net change in cash, restricted cash and restricted cash equivalents-$25,162
    2023total costs and expenses$311,802
    2023change in prepaid expense and other assets$1,326
    2023cash, restricted cash and restricted cash equivalents, end of year$23,797
    2023depreciation and amortization$4,574
    2023net cash swept to yum! brands, inc. and affiliate-$231,843

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

    Loading…

    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

    Related research

    Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.

    Bojangles Opco, LLCDonatos PizzaMSMoe’s Southwest GrillMountain Mike’s Pizza, LLCNNNAF NAF Middle Eastern GrillParis Banh Mi

    Head-to-head comparisons

    Pizza Hut, Inc. vs Bojangles Opco, LLCPizza Hut, Inc. vs Donatos PizzaPizza Hut, Inc. vs Moe’s Southwest Grill
    Compare reviewed facts

    At a glance

    Business history

    Not reviewed

    Owner participation

    Not reviewed

    Territory language

    Litigation disclosure

    Not reviewed

    Bankruptcy disclosure

    Not reviewed

    Agreement term

    Not reviewed

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.