Pizza Pizza Royalty Corp
TSX:PZA

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Pizza Pizza Royalty Corp
TSX:PZA
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Price: 15.61 CAD 0.45% Market Closed
Market Cap: 384.3m CAD

Pizza Pizza Royalty Corp
Investor Relations

Pizza Pizza Royalty Corp. engages in the ownership and operation of pizza restaurants. The company is headquartered in Toronto, Ontario and currently employs 1,200 full-time employees. The company went IPO on 2005-07-06. PPL operates in the food service industry primarily throughout Ontario and Alberta, and primarily franchises and operates quick-service restaurant businesses under the Pizza Pizza and Pizza 73 brands. PPL operates through the sale of franchise restaurants, food and supplies and royalties. The company consists of approximately 622 Pizza restaurants and 103 Pizza 73 restaurants. Its wholly owned subsidiaries include Pizza Pizza GP Inc. and Pizza Pizza Royalty Limited Partnership.

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PZA
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 5, 2025
AI Summary
Q3 2025

Sales Growth: Royalty Pool system sales increased 2% to $158.8 million, driven by new store openings despite flattish same-store sales growth.

Same-Store Sales: Same-store sales were nearly flat, up 0.1%, with Pizza Pizza up 0.3% and Pizza 73 down 1.1%, reflecting softer demand and reduced consumer spending.

Dividend Stability: Quarterly dividends of $0.2325 per share were maintained, with a payout ratio of 111%, in line with past practice.

Store Network Expansion: The chain surpassed 800 total stores in Canada, opening 16 new locations (mostly nontraditional), and continues to target 2–3% growth in the core network.

Consumer Behavior: Management noted a shift toward less frequent visits, more pickup orders, and value-seeking behavior amid heightened competition.

Tech & Delivery: Investments in delivery tracking and digital platforms improved delivery speed and customer engagement, helping organic delivery sales outperform.

International Update: There are now 4 locations in Mexico, with growth slower than hoped but seen as a market with strong long-term potential.

Key Financials
Same-Store Sales Growth
0.1%
Pizza Pizza Same-Store Sales Growth
0.3%
Pizza 73 Same-Store Sales Growth
-1.1%
Royalty Pool System Sales
$158.8 million
Pizza Pizza Royalty Pool Sales
$138 million
Pizza 73 Royalty Pool Sales
$20.8 million
Royalty Income
$10.2 million
Interest Income
$37,000
Administrative Expenses
$181,000
Interest Expense
$444,000
Credit Facility Balance
$47 million
Credit Facility All-in Rate
3.51%
Dividend per Share
$0.2325
Total Dividends Declared
$5.7 million
Payout Ratio
111%
Working Capital
$4 million
Total Canadian Store Count
811
Pizza Pizza Locations
706
Pizza 73 Locations
105
Mexican Locations
4
Earnings Call Recording
Other Earnings Calls

Management

Mr. Paul Goddard
President & CEO, Pizza Pizza Limited
No Bio Available
Ms. Christine D'Sylva
Chief Financial Officer of PPL
No Bio Available
Mr. Philip Goudreau
Chief Operating Officer of PPL
No Bio Available
Mr. Adrian Fuoco
Vice President of Marketing
No Bio Available
Mr. Chuck Farrell
Vice President of Franchising & People
No Bio Available
Mr. Amar Narain
VP of Information Technology & CIO
No Bio Available
Alexander Sewrattan
Director of Finance
No Bio Available

Contacts

Address
ONTARIO
TORONTO
500 Kipling Avenue
Contacts
+14169671010.0
www.pizzapizza.ca