Newspaper article The Canadian Press

Alberta Downturn Eats into Pizza Pizza's Sales but Ontario Feeds Growth

Newspaper article The Canadian Press

Alberta Downturn Eats into Pizza Pizza's Sales but Ontario Feeds Growth

Article excerpt

Alberta downturn eats into Pizza Pizza growth

--

TORONTO - The downturn in Alberta has taken a bite out of sales growth at Pizza Pizza Royalty Corp. (TSX:PZA).

The Toronto-based company says sales at its Pizza 73 locations in Alberta were down, partly offsetting gains at its main banner -- primarily in Ontario.

Same-store sales -- those at restaurants open for at least a year -- grew by 3.4 per cent overall. Pizza Pizza's same-store sales were up 5.3 per cent and Pizza 73's were down 5.3 per cent in the fourth quarter of 2015 compared with a year earlier.

The figures were included with Pizza Pizza's financial report for the quarter and year ended Dec. 31.

Total system sales from all restaurants grew by 5.6 per cent to $533.8 million in 2015, up from $505.4 million in 2014. Fourth-quarter system sales grew by 4. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.