10 Largest Pizza Chains in the World

2. Pizza Hut

Number of locations: 18,807

Pizza Hut is a leading pizza brand owned and operated by Louisville, Kentucky-based Yum! Brands, Inc. (NYSE:YUM). The first Pizza Hut restaurant was opened in Wichita, Kansas in 1958, since then the brand has grown to more than 18,800 locations worldwide. It operates through delivery, carryout, and casual dining restaurants.

In November, Yum! Brands, Inc. (NYSE:YUM) released its financial results for the third quarter. Sales for the Pizza Hut Division of the company declined by 1% y-o-y to $3.1 billion, while operating profit shrunk by 8% y-o-y to $92 million. Pizza Hut also opened 392 new restaurants in 47 countries during the quarter.

Yum! Brands, Inc. (NYSE:YUM) currently has a market capitalization of $36.4 billion. As of Q3 2022, its shares were held by 40 of the 920 hedge funds tracked by Insider Monkey, with a total value of $2 billion.