Pizza Hut was founded by brothers Dan and Frank Carney in 1958 in Wichita, Kansas. The brothers borrowed $600 from their mother and opened a small restaurant in downtown Wichita.
In 1959, the first franchise opened in Topeka.
The business grew quickly in the 60s through aggressive marketing. By 1966, there were 145 franchise locations.
In 1972, Pizza Hut went public and rapid growth continued. The company merged with Pepsi in 1977 and became a division of the soft drink company.
In 1986, the 5000th franchise was opened.
In 1994, growth finally began to slow. In 1997, Pepsi packaged all their restaurant holdings which included Pizza Hut, KFC and Taco Bell and spun them off as Yum! Brands.
As of 2018, are currently over 18,000 Pizza Hut locations operating under Yum! Brands in 94 countries worldwide.
Pizza Hut announced at the beginning of 2019 that they intended to hire more than 11,000 workers in the US in the coming year, although earnings in February of that same year were flat for the pizza chain.
Due to the coronavirus and subsequent quarantine, the parent company of Pizza Hut, filed for bankruptcy in July 1, 2020.
The Pizza Hut corporate office is located in Plano, Texas.