Pizza Pizza

What Pizza Pizza does

Pizza Pizza is a Canadian quick-service restaurant brand founded in 1967 and headquartered in Toronto, Canada. The company operates as Pizza Pizza Royalty Corp., a publicly traded entity on the TSX (ticker PZA:CA) that functions as a royalty income vehicle rather than a direct restaurant operator. The business runs a dual-brand franchise platform comprising the legacy Pizza Pizza brand and the Pizza 73 brand, which together form the underlying royalty-generating system. Franchisees operate dine-in, takeout, walk-in, pickup, and delivery locations across Canada.

Pizza Pizza Royalty Corp earns revenue through a royalty pool structure: franchisees pay royalties calculated on system-wide sales, and the corporation passes the resulting cash flow to shareholders via monthly dividends. In Q1 fiscal 2026 (ended March 31, 2026), the company reported royalty pool system sales of CAD 145.8 million and royalty income of CAD 9.4 million. Same-store sales declined 4.1% year-over-year on weak consumer confidence and reduced traffic, and the monthly dividend of CAD 0.2325 per share resulted in a 134% payout ratio. The company is responding with value-focused menu initiatives aimed at driving walk-in and pickup volume across the franchise system.

The customer base is individual consumers and families seeking convenient, affordable quick-service pizza, with no enterprise or B2B channel disclosed. The company has 1,001-5,000 employees and operates exclusively in the Canadian market, with no disclosed international footprint. No digital platform, app, or proprietary technology stack is described in the source data.

Name

Pizza Pizza

Legal name

Pizza Pizza Royalty Corp.

Website

https://pizzapizza.ca

Company type

Public

Founded year

1967

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Pizza Pizza is a Canadian quick-service pizza restaurant franchise founded in 1967 and headquartered in Toronto. Operating under Pizza Pizza Royalty Corp. on the TSX, it runs the Pizza Pizza and Pizza 73 brands across Canada, collecting royalties from franchisees and distributing monthly dividends to shareholders.

Ownership category

akta.pro rank

Product category

Quick-Service Restaurant (Pizza)

NAICS

Accommodation and Food Services (72)

SIC

Retail-Eating Places (5812), Retail-Eating & Drinking Places (5810)

akta.pro primary industry

Pizza QSR (THAFAAAB)

Keywords

• Quick-service restaurant
• Pizza franchise
• Food delivery
• Takeout dining
• Restaurant chain

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales

Revenue model

1. Franchise Royalty Income: Pizza Pizza Royalty Corp. generates revenue through a royalty system where franchisees pay royalties based on system-wide sales. The company reported royalty income of CAD 9.4 million from royalty pool system sales of CAD 145.8 million in Q1 fiscal 2026 ended March 31. The royalty structure is tied to same-store sales performance across both Pizza Pizza and Pizza 73 brands.

Distribution channels1 record

Core offering

Pizza Pizza Royalty Corp. operates a dual-brand quick-service restaurant franchise system comprising the Pizza Pizza and Pizza 73 brands. The company earns royalty income from franchisees based on system-wide sales of pizza, wings, sides, and related menu items sold through dine-in, walk-in, pickup, and delivery channels across Canadian locations.

Product overview

Pizza Pizza Royalty Corp. operates a dual-brand quick-service restaurant (QSR) platform consisting of Pizza Pizza and Pizza 73 brands. The company operates under a royalty pool system where franchisees pay royalties based on system-wide sales. The two brands serve dine-in, walk-in, pickup, and delivery customers with value-focused menu offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Pizza Pizza Restaurant Brand

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Expansion highlights2 records

Direct peers

• Papa John's Canada: Direct competitor in Canadian QSR pizza with similar franchise-operated delivery and carryout model, targeting the same value-conscious consumer occasion as Pizza Pizza.
• Domino's Pizza Canada: Direct competitor operating a franchise-based QSR pizza delivery and takeout model across Canada, overlapping with Pizza Pizza in product, customer base, and channel mix.
• Pizza Hut Canada: Direct competitor in the Canadian QSR pizza segment with dine-in, takeout, and delivery offerings, closely comparable to Pizza Pizza's restaurant and delivery formats.
• Little Caesars: Global QSR pizza chain with Canadian presence, competing on value-priced carryout pizza — directly comparable to Pizza Pizza's value-focused QSR positioning.

Broad incumbents

• Yum! Brands: Parent of Pizza Hut, KFC, and Taco Bell with global QSR franchise operations; comparable as a large-scale QSR franchisor whose franchise royalty economics and consumer-trend exposure mirror Pizza Pizza Royalty Corp.
• MTY Food Group: Canadian franchisor of multiple QSR and casual dining brands, comparable to Pizza Pizza Royalty Corp. as a Canadian royalty/franchise income vehicle exposed to similar consumer dynamics.
• Restaurant Brands International: Owner of Tim Hortons, Burger King, and other QSR brands with major Canadian exposure; comparable as a publicly traded QSR royalty/franchise platform serving similar consumer occasions.

Regional players

• 241 Pizza: Canadian franchise-based QSR pizza chain with dine-in, takeout, and delivery offerings, directly comparable in format and target customer to Pizza Pizza's locations.
• Pizza Nova: Toronto-headquartered regional QSR pizza chain serving the Greater Toronto Area, comparable as a regionally focused Canadian pizza brand competing in the same Ontario market as Pizza Pizza.
• Boston Pizza: Canadian-based restaurant chain operating a sit-down casual dining plus sports bar model with pizza as a key menu category, providing an adjacent comparable for Pizza Pizza's dine-in traffic dynamics.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/PizzaPizzaLtd
• Facebookfacebook.com/PizzaPizzaCanada
• LinkedInlinkedin.com/company/pizza-pizza-ltd

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pizza Pizza