Pizza Pizza Royalty Corp PZRIF

PZA Q4

[HermannHaller]

SSSG pretty bad at -17.6%, but still the balance sheet ok and payout only 84%.

I think investors need to look past this lockdown quarter, it's not relevant for the future.


https://www.newswire.ca/news-releases/pizza-pizza-royalty-corp-announces-fourth-quarter-and-annual-results-806095941.html

[BoredDeveloper]

Slightly worse results than expected, I think, even allowing for COVID-19 and all. I expect it'll drop tomorrow... and I'll be watching keenly, might average down one more time if it goes low enough.

[BlueJay2020]

So it doesn't worry you in the slightest that sales are down by almost a fifth when there will likely never be a time when buying pizza is more of an appealing option, given restrictions on dining at a restuarant?  Frankly, it's a shocking performance and I can't see for the life of me how they are going to get all those sales back when lockdown is over and competition increases.&

[SilverSpewn]

The report does say how delivery has partially offset the decline in walk-in sales but you've got to remember PZA has the contract with Maple Leaf Sports and Entertainment, not having live sports definitely puts a dent in their business. When the restrictions are eased the same store sales will grow also just by virture of having more people out at bars at night and needing a bite on the way

[HermannHaller]

TD raises target to $12 from $10.50, reiterates BUY rating. Basically their argument is that with the rollout of vaccines, foodservice will rebound in 2021, and PZA is still very cheap relative to other stocks. The conference call was helpful explaining the weakness in the quarter. Not only did they get hit on lockdown, and sports, but all the usual seasonal parties, and office gatherings were