Q4 2025 Pizza Pizza Royalty Corp Earnings Call Transcript
Key Points
- Pizza Pizza Royalty Corp (PZRIF) opened 37 new restaurants in 2025, bringing the total to 130 new locations over three years, indicating expansion and growth.
- Pizza 73 achieved same-store sales growth of 1.9% for the full year and 1.8% in the fourth quarter, showcasing strong performance in a challenging market.
- The company successfully launched new marketing partnerships, such as with Vladimir Guerrero Jr. and Ryan Lomberg, enhancing brand visibility and engagement.
- Pizza Pizza's organic delivery channel saw growth for the third consecutive quarter, contributing to an increase in the overall average check.
- The company maintained a strong focus on value propositions, offering competitive pricing on popular items like the Double XL 18-inch pizza and various combo deals under $20.
- Pizza Pizza restaurants experienced a slight decline in same-store sales by 0.1% in the fourth quarter, reflecting challenges in maintaining growth.
- There was a decrease in transactions at both Pizza Pizza and Pizza 73 due to heightened competition and reduced consumer spending.
- The macroeconomic environment remains challenging, with consumer confidence low and rising costs impacting business operations.
- The company faces competitive pressures with deep discounting from competitors, making it difficult to maintain market share.
- Inflationary pressures and rising construction costs are affecting the company's ability to expand its restaurant network efficiently.
Ladies and gentlemen, thank you for standing by, and welcome to Pizza Pizza Royalty Corp's earnings call for the fourth quarter of 2025. (Operator Instructions) As a reminder, this conference is being recorded on March 25, 2026.
I will now turn the call over to Christine D'Sylva, CFO. Please go ahead.
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Thank you. Good afternoon, everyone, and welcome to Pizza Pizza Royalty Corp's earnings call for the fourth quarter ended December 31, 2025. Joining me on the call today is Pizza Pizza Limited's President and Chief Executive Officer, Paul Goddard.
Just a quick note that our discussion today will contain forward-looking statements that may involve risks relating to future events. Actual events may differ materially from those projections discussed today. All forward-looking statements should be considered in conjunction with the cautionary language in our earnings press release and the risk factors included in our AIF.
Please refer to our earnings
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