PZA:CC - Pizza Pizza Q1 Results Were Pedestrian, But I'm Maintaining My Position
2025-05-09 05:52:23 ET
Summary
- PZA:CA offers a royalty structure, with unit holders receiving distributions tied to sales of Pizza Pizza and Pizza 73 chain in Canada.
- Canadian patriotism could boost local retailers like Pizza Pizza, positioning them to gain market share from competing American-based pizza restaurants.
- Q1 results were okay, but nothing to write home about. Even if future quarters show stronger growth, I don't think management will increase their payout ratio beyond 7.75 cents this year.
- A total return of 10% for PZA:CA still seems reasonable this year, and so I'd still recommend the units to investors seeking income.
(all financial amounts are presented in Canadian Dollars, unless otherwise specified) ...
Pizza Pizza Q1 Results Were Pedestrian, But I'm Maintaining My Position