The food service industry today is one of the fastest growing industries in the United States, with the pizza segment a $25 billion business leading the way. As the acknowledged leader of our industry, we move forward with great confidence and hope. We believe the future has never been brighter.
Spurred by the increasingly rapid pace of living and the subsequent demand by consumers for convenience, Pizza Hut has taken aggressive steps to provide quality products at off-site locations. In recent years, we’ve streamlined and refined our carryout procedures to provide faster, more efficient service, and we’ve rapidly expanded our delivery operations throughout the country. In addition, we’ve already begun exploring exciting new concepts that will bring our products and services to a variety of new, non-traditional sites.
We’ve implemented combination operations with our sister companies Taco Bell and KFC at major shopping areas.
We’ve reached thousands of new customers through our Pizza Hut® Express program, a mini-restaurant concept which provides unprecedented speed and fast-food pricing to customers in a variety of locations. And we’ve negotiated agreements with major hotels, retailers and arenas to provide contract food service at hundreds of sites across the country.
Thanks to these innovative new concepts, Pizza Hut pizza is now being enjoyed by people at school cafeterias, sports arenas, major airports, shopping malls and office settings. As a result, Pizza Hut is greatly expanding its share of the off-premise, fast-food market, one of the fastest-growing segments in our industry.