)

Pizza Pizza Royalty (PZA) investor relations material
Pizza Pizza Royalty Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Same store sales grew 2.1% in Q2 2025, reversing prior declines, with both brands contributing positively despite a softening macroeconomic environment.
Royalty Pool System Sales rose 3.9% to $161.4M in Q2, driven by increased guest traffic, higher average check, and successful marketing and menu innovation.
Adjusted EPS increased 1.3% to $0.241 in Q2.
Restaurant network expanded to 800 locations in Canada, with 3 net new locations year-to-date and 20 net new restaurants added to the Royalty Pool.
Ongoing development in Mexico continues, though at a slower pace than initially targeted.
Financial highlights
Q2 Royalty income was $10.3M, up 3.8% year-over-year; six-month royalty income reached $20.1M.
Dividends declared totaled $5.7M (23.25¢ per share) in Q2, consistent with prior year.
Payout ratio was 108% in Q2, utilizing $400K from working capital reserve, which ended at $4.8M.
Adjusted earnings available for shareholder dividends were $5.3M in Q2.
Working capital reserve stood at $4.8M at June 30, 2025, down $1.3M during the period.
Outlook and guidance
Management expects 2–3% traditional restaurant network growth for 2025, with continued renovations and a focus on value messaging, digital investment, and customer retention.
Dividend policy aims for consistent monthly distributions, funded by operations and cash reserves.
Mexican expansion continues, though pace may be slower than initially targeted.
Next Pizza Pizza Royalty earnings date

Next Pizza Pizza Royalty earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage