Jim Cramer Says Yum! Brands Should Have Paid Someone to Take Pizza Hut

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Summary · why it matters

Jim Cramer said Yum! Brands should have paid someone to take Pizza Hut off its hands, citing weak same-store sales. Cramer noted that Pizza Hut's U.S. same-store sales fell 4%, compared with a 0.9% gain at Domino's and a 3.9% decline at Papa John's, making it the worst performer among peers. His remarks followed Yum! Brands' announcement that it would sell Pizza Hut for $2.7 billion. TD Cowen reiterated a Buy rating and $180 price target on Yum! Brands on March 20, citing strong marketing and menus.

Impact on stocks 3

Consumer Discretionary± Mixed · 3 stocks
Yum! Brands Inc
YUM
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Cramer criticizes Pizza Hut's performance and sale price; same-store sales fell 4%.

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