Pizza hut, a well-known catering brand, has “collapsed”< Br > < div class= "contheight" > < / div > recently, media undercover Pizza Hut stores in Beijing found that the managers of the kitchen restaurant tampered with the expiration date labels and the ingredients were not discarded on time; Food safety problems such as long-term non replacement of cooking oil and nearly doubling of relevant indicators< Br > < div class= "contheight" > < / div > on July 20, Pizza Hut China’s official Weibo said that our company attached great importance to the media reported problems related to Pizza Hut harmony Plaza store and Weigongcun store in Beijing, and had immediately conducted a closing investigation on the above two restaurants. Thank the society for our supervision< img alt="" style="width:600px;" src=" https://imagecloud.thepaper.cn/thepaper/image/206/729/288.PNG "> according to the Beijing Daily, on July 20, Fengtai District and Haidian District Market Supervision Bureau took immediate action, and law enforcement officers went to the catering unit involved to carry out law enforcement inspection. The Fengtai District Market Supervision Bureau found that a bag of French toast slices with a shelf life of July 19 was stored in the kitchen freezer of the restaurant in the harmonious square of the store involved. In addition, the inspection found that its washing room was dirty, there were a large number of tableware to be cleaned, and the ground was greasy and slippery, And non food and personal clothes stored in the food warehouse. In view of the on-site inspection and the problems reflected by the media, Fengtai District Market Supervision Bureau has filed a case against the harmonious Square restaurant according to law. At present, the case is under investigation, and the restaurant involved has been closed for rectification< Br > < div class= "contheight" > < / div > on the morning of the 20th, Haidian District Market Supervision Bureau also checked the online operation system of Weigongcun restaurant, the store involved, and checked the waste oil management and raw material consumption management. At the same time, the shelf life of food raw materials, the corresponding purchase, sale and inventory records, and the warehouse in and warehouse out records of cold chain products were checked, and a third-party organization was entrusted to test the raw materials found in the kitchen on site. It is reported that Haidian District Market Supervision Bureau has filed a case against the store according to law< Br > < div class= "contheight" > < / div > pizza hut has been operating in China for more than 30 years since it opened its first restaurant in Beijing in 1990, mainly providing all kinds of pizza, steak, spaghetti, etc. Pizza Hut’s business in China is exclusively operated by Yum! China Holdings Co., Ltd. (09987.hk, yum! China). Yum! China’s 2021 annual report shows that by the end of 2021, more than 2500 Pizza Hut restaurants had spread across more than 600 cities in China< Br > < div class= "contheight" > < / div > Tianyan inspection shows that Pizza Hut’s branches have received administrative penalties for many times< Br > < div class= "contheight" > < / div > in March 2022, the harmonious Square restaurant of Beijing Pizza Hut Co., Ltd. involved in the use of food and food additives produced from food raw materials and food additives that exceeded the shelf life, which violated the food safety law of the people’s Republic of China (2018 Edition), and was confiscated by Beijing Fengtai District market supervision and Administration Bureau of illegal income of 337.01 yuan and fined 50000 yuan< Br > < div class= "contheight" > < / div > in August 2021, Jiashan Hengli store of Shanghai Pizza Hut Co., Ltd. was involved in other violations of food safety regulations. The production date of a variety of foods in the warehouse has exceeded more than a month. For example, frozen potato horn with skin ripple was produced in November 2020, and was warned by Jiashan County market supervision and Administration Bureau. In June, 2020, Beijing Pizza Hut Co., Ltd. Guangshun North Street restaurant was fined by Beijing Chaoyang District Market Supervision Bureau for operating food and food additives (corrupt / rancid oil / moldy and insect / filthy / mixed with foreign matters / adulterated or abnormal sensory properties), and its illegal income and illegal property were confiscated< Br > < div class= "contheight" > < / div > from the performance disclosed by the parent company Yum China in the past two years, the performance of pizza hut, the “boss” of Western-style leisure restaurant, is not stable, and the performance of Yum China is also deeply affected by the epidemic< Br > < div class= "contheight" > < / div > in the first quarter of this year, yum China said in its financial report that the COVID-19 caused major fluctuations in the company’s operations in that quarter and continued to have a serious impact on the second quarter. Among them, Pizza Hut’s same store sales fell by 5% year-on-year (year-on-year), and the restaurant’s profit margin fell by 4.6 percentage points to 10.7%; KFC’s same store sales fell by 9% year-on-year, while Yum China’s total revenue increased by 4% year-on-year< Img alt= "performance of Yum China and its major brands in the first quarter of 2022" style= "width:600px;" src=" https://imagecloud.thepaper.cn/thepaper/image/206/729/872.PNG ">

performance of Yum China and its major brands in the first quarter of 2022

Pizza Hut performed poorly in 2020, during which the same store sales fell by 14%, the total revenue fell by 16% year-on-year to $1.73 billion, and the operating profit was $62million, which was almost halved compared with the operating profit of $114 million in 2019, dragging down the total revenue of Yum China by 6%.

< / div > in 2021, Pizza Hut recorded a significant growth in 2020 with a low base. Among them, when the same store sales of KFC and all other businesses fell, Pizza Hut’s same store sales still increased by 7%, with a total revenue of $2.109 billion, a year-on-year increase of 22%; operating profit of $111 million, a year-on-year increase of 77%. It is worth noting that the total revenue of pizza hut in 2021 was just close to the total revenue level of 2018.

< /div> as of July 20, yum China (09987.hk) closed up 2.17% to close at HK $376, with a total market capitalization of HK $158.5 billion.