Toronto – Pizza Pizza Royalty Corp., indirect owner of Pizza Pizza and Pizza 73, reported same-store sales increased 1.7 per cent during the first quarter ended March 31.
The company also reported Royalty Pool sales increased 4.3 per cent and adjusted earnings per share increased 3.1 per cent.
Its restaurant network increased by five net locations and the Royalty Pool of restaurants for 2024 increased by 31 restaurants on Jan. 1, 2024.
“We are pleased to report our 12th consecutive quarter of positive same store sales growth”, said Paul Goddard, president and CEO of Pizza Pizza Limited, in a news release. “We continue to focus on operational excellence and enhancing brand image and exposure by investing heavily in relevant value-oriented menu offerings, food and technology innovation, and owning key sales driving occasions. We feel this strategy will continue to improve the customer experience at our restaurants while driving leadership in the marketplace at a time when customers are feeling pressure on their spending.”
Read the full press release.
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