After two failed attempts, Pizza Hut is again preparing to start operations in Argentina, the only South American nation where the fastfood chain does not currently have a presence. Pizza Hut's two previous attempts (1980 and 1992) were both cancelled because growth and profit goals were not met. At present, the parent company is considering two options for its Argentinean operations: to establish a franchise in partnership with a local company, or to use direct foreign investment.