Pizza Pizza Royalty Corp
TSX:PZA
Pizza Pizza Royalty Corp
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.
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.
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.
