Mty Food Group (TSE:MTY) has released an update.
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MTY Food Group Inc. experienced a mixed first quarter in fiscal 2024, with operating cash flows soaring to a record $54.2 million, despite a slight 2% dip in system sales to $1.33 billion. Net income for the owners fell by 6% to $17.3 million, and the normalized adjusted EBITDA also saw a decline of 7%. The company confidently proceeded with a share repurchase program, dividend payments, and significant long-term debt reduction.
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