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Pizza Pizza Royalty Corp PZRIF


Primary Symbol: T.PZA

Pizza Pizza Royalty Corp., through Pizza Pizza Royalty Limited Partnership (the Partnership), owns the trademarks, trade names and other intellectual property used by Pizza Pizza Limited (PPL) in its Pizza Pizza and Pizza 73 restaurants and in its international franchising business. PPL is a privately held company that provides service and operational support to restaurant operators. Pizza Pizza is a franchise-oriented restaurant business operating primarily in the province of Ontario, in which it leads the pizza quick service restaurant (QSR) segment. Of the 652 Pizza Pizza restaurants, 646 are franchised or licensed, and six are owned and/or managed as corporate restaurants. Of the 652 restaurants, 197 are non-traditional locations which have limited operating hours and a limited menu. There are about 100 Pizza 73 locations operating in the QSR segment, principally in the province of Alberta. The Pizza 73 business also includes a central food distribution center in Edmonton.


TSX:PZA - Post by User

Comment by MohamadJ5on May 12, 2021 6:09am
145 Views
Post# 33180777

RE:RE:Q1 results

RE:RE:Q1 results
BlueJay2020 wrote: It's hard to quantify the impact of Q1 lockdowns this year - I would have thought most locations would be open for walk-in or delivery?  Are people now getting fed up with pizza since they have been prevented from going to restaurants for most of the last 12 months?  If so, what evidence is there of this "earning power" post-pandemic?  

I really expected a better performance over the last 12 months.  I'd like to own this stock, but I just don't believe in it enough.

StarGreenElk wrote: Results were slightly better than what TD was forecasting... earnings of 16.4 cents compaired to TD's estimate of .16 cents ...  Same store sales were down 13.3% but TD was estimating -15.5 %.. Shareholders need to look at the earnings power once covid restrictions are eased and they can re open all their "non traditional" stores and build out new ones...  Q1 is always their weakest quarter


PZA has "non conventional" stores that are completely closed right now and account for 10% of their sales.  These include stores at sporting events, universities, theme parks , etc .  So conservatively you should see a 10% boost in earnings post Covid.  I expect even more because of more walk in sales and the return of more catering for company meetings etc.

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