Article Date 02/07/2020
Source Seeking Alpha
NPC International files for bankruptcyJul. 1, 2020 9:23 AM ET|About: Yum! Brands, Inc. (YUM)|By: Clark Schultz, SA News Editor
As expected, NPC International filed for bankruptcy after restaurant shutdowns led to losses.
The franchisee operator runs more than 1,225 Pizza Hut (NYSE:YUM) and over 385 Wendy's (NASDAQ:WEN) stores in the U.S.
The bankruptcy filing includes a plan for the company to keep operating and to sell some of the restaurants.