Pizza Pizza Royalty Corp., which indirectly owns the Pizza Pizza and Pizza 73 Rights and Marks, recently released financial results for the three months and 12 months ended December, 31, 2025.
Fourth Quarter highlights:
- Same store sales increased 0.2%
- Royalty Pool sales increased 2.2%
- Adjusted earnings per share was flat
- Restaurant network increased by 4 net locations
Year to Date highlights:
- Same store sales increased 0.9%
- Royalty Pool sales increased 2.4%
- Adjusted earnings per share decreased 0.2%
- Restaurant network increased by 18 net locations
- Royalty Pool of restaurants for 2025 increased by 20 net restaurants on January 1, 2025
“While we delivered positive sales in a very tough environment, it is clear that momentum has softened as customers become more deliberate in how they spend. That said, we will leverage our strong everyday value leadership position, backed by ongoing enhancements to our menu, restaurants and digital customer experience to continue to grow successfully,” said Paul Goddard, President and CEO of Pizza Pizza Limited.
“Royalty Pool System Sales for the Quarter increased 2.2% to $164.0 million from $160.5 million in the same quarter last year. By brand, sales from the 694 Pizza Pizza restaurants in the Royalty Pool increased 2.0% to $140.4 million for the Quarter compared to $137.7 million in the same quarter last year. Sales from the 100 Pizza 73 restaurants increased 3.3% to $23.6 million for the Quarter compared to $22.8 million in the same quarter last year,” said the company.
“Royalty Pool System Sales for the Year increased 2.4% to $635.5 million from $620.6 million in the same Year last year. By brand, sales from the 694 Pizza Pizza restaurants in the Royalty Pool increased 2.4% to $547.6 million for the Year compared to $534.8 million in the same Year last year. Sales from the 100 Pizza 73 restaurants increased 2.5% to $87.9 million for the Year compared to $85.8 million in 2024.”
The company said the number of restaurants in the Royalty Pool increased by 20 net locations to 794 on the January 1, 2025 Adjustment Date, and consists of 694 Pizza Pizza restaurants and 100 Pizza 73 restaurants. The number of restaurants in the Royalty Pool remained unchanged through 2025.
During the Quarter, Pizza Pizza Limited opened three traditional and three non-traditional Pizza Pizza restaurants. Additionally, at the Pizza 73 brand, PPL opened one traditional restaurants and closed three traditional restaurants.
During the Year, PPL opened 12 traditional and 20 non-traditional Pizza Pizza restaurants, and closed three traditional and 11 non-traditional Pizza Pizza restaurants. PPL also opened five traditional Pizza 73 restaurants, and closed five Pizza 73 traditional restaurants. Four of the five traditional Pizza 73 closures, had their delivery territory fully assigned to their neighbouring restaurant, to minimize the impact on sales.
PPL management expects to grow its traditional restaurant network by 2% to 3% and continue its renovation program through 2026.
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