CA - Pizza Pizza: Stable Dividend Paying Machine

2024-02-20 08:55:11 ET

Summary

• Pizza Pizza has recently surpassed its pre-Covid dividend peak, making it an attractive income play for dividend-focused investors.
• The company has expanded into the Mexico market through a master franchisee agreement, allowing for international growth.
• Pizza Pizza continuously innovates its menu to adapt to changing consumer tastes and has made improvements to its supply chain, resulting in steadily increasing profit margins.

I last wrote about Pizza Pizza ( PZA:CA ) 4 years ago . Since then, the company has performed well in mitigating COVID-19 impact and managing higher inflation and interest rates. Today, the company continues to grow across the country while closing poor-performing stores. It has recently expanded into Mexico by partnering with a local partner. I believe such initiatives will continue to make Pizza Pizza a strong defensive play....

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