Pizza Pizza Royalty Corp.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Paul Goddard
- Full Time Employees
- 1,050
- Sector
- Consumer Cyclical
- Industry
- Restaurants
- Address
- 500 Kipling Avenue Toronto ON Canada M8Z 5E5
- IPO Date
- Jan 21, 2010
- Website
- pizzapizza.ca
- Similar Companies
- Business
- Pizza Pizza Royalty Corp. (TSX: PZA, OTC: PZRIF), through its subsidiary Pizza Pizza Royalty Limited Partnership, owns trademarks, trade names and intellectual property rights used by Pizza Pizza Limited (PPL) in operating franchised quick-service pizza restaurants under the Pizza Pizza and Pizza 73 brands primarily in Canada; the company earns royalty income equal to 6% of system sales from Pizza Pizza restaurants and 9% from Pizza 73 restaurants in the Royalty Pool, supplemented by minor international royalties. Founded in 1967 and headquartered at 500 Kipling Avenue in Toronto, Ontario, it focuses on the quick-service restaurant segment with over 790 locations in the Royalty Pool, including 694 Pizza Pizza and 100 Pizza 73 outlets as of 2025, concentrated in Ontario and extending to Quebec, Atlantic Canada and western provinces via Pizza 73. PPL provides operational support to franchisees, emphasizing traditional and non-traditional restaurant formats such as delivery-focused or smaller-footprint sites. The Royalty Pool targets consumers seeking affordable pizza delivery, dine-in and takeout, with system sales driven by franchisee performance across company-owned, joint-venture and independent locations. Royalty income excludes direct operational costs like labor or food, providing a stable revenue stream adjusted annually for new openings, closures and sales forecasts. In January 2025, the Royalty Pool expanded by a net 20 restaurants to 794 locations, adding 45 new outlets (44 Pizza Pizza, one Pizza 73) while removing 25 closures, boosting forecasted system sales by $9.36 million from Pizza Pizza brands and increasing PPL's equivalent share ownership to 26.2% via additional Class B and D exchangeable units. On March 20, 2025, the company extended its $47 million credit facility for three years to April 2028 at a blended interest rate of 3.51% after entering a forward swap on April 3, 2025; all debt covenants remain satisfied with a debt-to-EBITDA ratio of 1.19:1. Third-quarter 2025 results showed Royalty Pool sales up 2.0% to $158.8 million amid 0.1% same-store sales growth, with the restaurant network growing by 11 net locations year-to-date through 14 Pizza Pizza and four Pizza 73 openings offset by closures.
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