Pizza Hut is planning to close around 250 locations across the United States as part of its "Hut Forward" strategy. The parent company, Yum! Brands, announced the closures during an earnings call, citing the need to take additional action to help the brand realize its full value. The company is considering strategic options, including the possibility of selling the chain to a different company. Yum! Brands, which also owns Taco Bell and KFC, reported a decline in sales at Pizza Hut but an increase in sales at Taco Bell and KFC. The future of Pizza Hut, a globally recognized brand founded in 1958, is now under review by the company.