I'm not accountant, but I would expect Pizza Hut's accounting is significantly more complex than Anthopic's. 50+ year old global franchise with physical supply chain partnerships vs an upstart SAAS company?
Your instincts are good here. Whatever complexity Pizza Hut has it comes from being the weakest of the Yum! Brands siblings — KFC carries the international profit, Taco Bell owns domestic. Pizza Hut is slow growth, perpetual restructuring, and a weird inherited obligation to always serve Pepsi.
