US EditionMTY Reports First Quarter Results for Fiscal 2025
- MTY Food Group Inc. Reported a first-quarter profit of $1.7 million, down from $17.3 million a year earlier due to foreign exchange losses on intercompany loans.
- The company's revenue increased to $284.8 million, up from $278.6 million, and system sales rose to $1.36 billion, a gain from $1.33 billion.
- On an adjusted basis, MTY earned seven cents per diluted share compared to 71 cents last year, indicating improved performance despite lower net income.
- MTY expressed readiness for potential challenges ahead, as consumers face impacts from recently announced tariffs.
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16 Articles
The Peterborough Examiner
MTY Reports First Quarter Results for Fiscal 2025
Normalized adjusted EBITDA(1) increased 1% to reach $60.2 million in the quarter, compared to $59.5 million in Q1-24. Franchise segment Normalized adjusted EBITDA(1) rose 1% to attain $44.0 million, or 47% of sales.System sales(2) for the quarter improved by 2.5%…
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