Pizza Pizza Royalty ( (TSE:PZA) ) has provided an announcement.
Pizza Pizza Royalty Corp. reported a decrease in same-store sales and royalty pool sales for both the fourth quarter and the full year of 2024, attributed to challenging economic conditions and increased competition. Despite these declines, the company expanded its restaurant network by 23 net locations in 2024, with 48 new restaurants opened, and continued to leverage its value-oriented offerings to attract customers. The company declared increased dividends for the year, reflecting its commitment to maximizing shareholder returns, despite a higher payout ratio compared to the previous year.
More about Pizza Pizza Royalty
Pizza Pizza Royalty Corp. operates in the food service industry, focusing on the management and franchising of Pizza Pizza and Pizza 73 restaurant brands across Canada. The company is known for its pizza offerings and has a market focus on expanding its restaurant network and enhancing customer value through strategic marketing initiatives.
YTD Price Performance: 6.92%
Average Trading Volume: 2,032
Technical Sentiment Signal: Strong Sell
Current Market Cap: $316.9M
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