Pizza Pizza Royalty ( (PZRIF) ) has released its Q1 earnings. Here is a breakdown of the information Pizza Pizza Royalty presented to its investors.
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Pizza Pizza Royalty Corp., a key player in the Canadian quick-service restaurant sector, operates through its ownership of the Pizza Pizza and Pizza 73 brands, known for their innovative menu offerings and strong market presence.
The company recently announced its financial results for the first quarter of 2025, highlighting a steady performance amidst challenging economic conditions. Notably, the company reported a modest increase in same-store sales and royalty pool sales, reflecting a positive start to the year.
Key financial metrics for the quarter include a 1.2% increase in same-store sales and a 1.6% rise in royalty pool sales, reaching $151.3 million. Despite these gains, adjusted earnings per share remained unchanged, and the payout ratio improved slightly to 117% from the previous year’s 122%. The company also expanded its royalty pool by adding 20 net new restaurants, indicating a strategic focus on growth.
Pizza Pizza Royalty Corp. maintained its monthly dividend payments, declaring $5.7 million in dividends for the quarter. The company also extended its credit facility, ensuring financial stability and flexibility for future operations.
Looking ahead, the management remains optimistic about continued growth and expansion, with plans to increase its traditional restaurant network and continue its renovation program throughout 2025, while navigating the ongoing economic uncertainties.