Yum Brands will explore strategic options for Pizza Hut, which has struggled in recent years.

Yum Brands will explore strategic options for Pizza Hut, which has struggled in recent years.

Same-store sales at Taco Bell and KFC rose, while Pizza Hut reported same-store sales fell 1%.

Yum! Brands is exploring a possible sale of its Pizza Hut chain, as the business struggles to compete with rivals.

Yum Brands announced Tuesday that it will begin a formal review of strategic options for its subsidiary Pizza Hut, setting the stage for a possible sale.

The firm upgraded the fast food conglomerate to outperform from in line.