News

Pizza Pizza announces Q2 results

August 10, 2011

Pizza Pizza Royalty Income Fund and Pizza Pizza Limited today announced results for the second quarter ended June 30, 2011.

Second Quarter Highlights include:

• Same-store sales increased 3 percent.
• Earnings per unit before income taxes increased 6.2 percent.
• Payout ratio was 96 percent and
• Working capital increased $161,000

"We're pleased with the combined performance of our two great brands during the second quarter and year-to-date," said Paul Goddard, CEO of Pizza Pizza Limited. "Although we found consumer buying patterns sensitive to gasoline price increases at the pump and to grocery item increases, our value-driven promotions and evolving menu are resonating in the quick service marketplace."

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