First of all, the most important reason is the COVID-19 epidemic this year. Due to the inaction of US President Trump, the indifference of the American people to the epidemic, and various protests and demonstrations that broke out in the United States in the first half of this year, the epidemic spread rapidly and there was no downward trend. According to statistics, more than 5 million people have been infected. At present, major stores in the United States have closed, and most people choose to stay at home, so the restaurant business cannot operate normally. Pizza Hut is one of them.
Second, because of the high labor costs in the United States, the salaries of employees in Pizza Hut are not low. Moreover, the cost of ingredients in Pizza Hut is not low, and Pizza Hut is a low-end restaurant in the United States. The price of pizza is not high, and the business in the United States is not ideal. This is the opposite of China. Pizza Hut has a good business in China. People's first reaction to eating pizza is Pizza Hut, but in the United States, the popularity of Pizza Hut is far less than that of Pizza Hut in China. This is because there are many famous pizza shops in America, such as Domino's Pizza, which are strong competitors of Pizza Hut. This makes Pizza Hut's business unsatisfactory for many years, and its income will naturally not be too much. However, in the case of low income, it has to pay high labor costs, so Pizza Hut is likely to be in a state of negative profits in these years.
This epidemic has highlighted all these problems. Due to the epidemic, Pizza Hut was forced to close its store, which left it in a state of no customers and no income in the past six months. It is conceivable that no matter which restaurant you change, it is difficult to stick to it.