The earnings call reflected ongoing challenges with declining same-store sales and royalty income, attributed to reduced consumer spending and heightened competition. However, strategic new product launches, marketing campaigns, and continued restaurant network expansion were positive aspects. Despite these efforts, the financial metrics indicate a challenging environment.
Company Guidance
During the Pizza Pizza Royalty Corp. Q3 2024 earnings call, executives Christine D'Sylva and Paul Goddard provided detailed guidance on the company's performance and strategic initiatives. The company reported a 5.3% decline in same-store sales, with Pizza Pizza and Pizza 73 restaurants experiencing declines of 5.9% and 1.5%, respectively. Royalty Pool System sales decreased by 4.6% to $155.8 million, resulting in a 4.4% drop in royalty income to $10 million. The company highlighted strategic efforts to counteract market challenges, including a focus on value offerings such as the XXL Pizza at $19.99 and the introduction of the "all-for-one" special. Despite opening 33 new locations year-to-date, the net increase was 16 due to closures. Looking ahead, the company plans to leverage its strong brand presence, marketing initiatives, and menu innovations to drive growth, emphasizing value and convenience to capture consumer spending amid economic pressures.
New Product Launches
Pizza 73 successfully launched an XXL Pizza at a $19.99 price point, which quickly became the #2 deal. Additionally, new promotions such as the all-for-one special and back-to-school discounts were introduced.
Restaurant Network Expansion
In Q3, 5 traditional and 3 non-traditional Pizza Pizza locations, along with one traditional Pizza 73 location, were opened. Year-to-date, 33 locations have been opened with a net increase of 16 locations.
Brand Recognition and Marketing
Successful partnerships with events like Calgary Stampede and Vancouver's Pride, as well as collaborations with brands like TABASCO, drove brand visibility and sales.
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Pizza Pizza Royalty (TSE:PZA) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:PZA Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 04, 2024
C$13.10
C$13.10
0.00%
Aug 07, 2024
C$12.95
C$12.53
-3.30%
May 09, 2024
C$12.98
C$12.96
-0.15%
Mar 06, 2024
C$13.48
C$13.50
+0.14%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pizza Pizza Royalty Corp. (TSE:PZA) report earnings?
Pizza Pizza Royalty Corp. (TSE:PZA) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is Pizza Pizza Royalty Corp. (TSE:PZA) earnings time?
Pizza Pizza Royalty Corp. (TSE:PZA) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.