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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

Post by MohamadJ5on May 13, 2021 7:49am
259 Views
Post# 33189919

More from TD report this morning

More from TD report this morningOverall, we still believe that there are few better-placed QSRs in Canada that could outperform in this environment, led by: 1) Strong and growing delivery focus is a competitive advantage: Given its extensive delivery capability, we expect PZA to gain share and outperform its peers that have had to rely on expensive thirdparty providers and/or offer temporary counter-only service. 2) Security and safety: PZA is a trusted brand, and has quickly adapted to its customer delivery needs to offer "contactless delivery" and introduced an innovative tamper-proof pizza box. 3) Strong value proposition: Because of its scale, PZA is able to offer attractive price points (i.e., through bundling), making "eating out" a more affordable indulgence during tougher economic times. Despite all this, PZA shares remain one of the cheapest QSR stocks in North America
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