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.

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.