Pizza Pizza Royalty Cuts Development Outlook to 1%–2%
Q3 royalty-pool system sales fell 0.9% to $157.4 million from $158.8 million a year earlier, while same-store sales declined 2.3% versus 0.1% growth. Management lowered its full-year restaurant development outlook to 1%–2% from 2%–3%.
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*-- Earnings Flash (PZA.TO) Pizza Pizza Royalty Corp. Reports Q3 Revenue CA$157.4M, vs.
Q3 royalty-pool system sales fell 0.9% to $157.4M from $158.8M a year earlier, while same-store sales declined 2.3% versus 0.1% growth. Management lowered full-year restaurant development outlook to 1%—2% from 2%—3%.Material DetailsContext by AI AnalystThis is a quarterly operating update showing w…