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MTY Food Group ( (TSE:MTY) ) has shared an announcement.
MTY Food Group reported stable financial performance in Q4 2024, with normalized adjusted EBITDA remaining relatively steady at $59.4 million and system sales increasing by 2% due to organic growth. The company opened 13 new locations, emphasizing the strength of its franchising segment with an 8% increase in normalized adjusted EBITDA. Despite these positive trends, MTY experienced a net loss attributable to owners of $55.3 million, contrasting with a profit in the same quarter of the previous year. Key activities included repurchasing shares and making debt repayments, indicating ongoing efforts to manage financial obligations and shareholder value.
More about MTY Food Group
MTY Food Group Inc. is a major global franchisor and operator of various restaurant concepts, specializing in snack brands in the US and casual dining in Canada. The company focuses on expanding its presence and increasing accessibility to guests through multiple restaurant formats.
YTD Price Performance: 10.48%
Average Trading Volume: 2,829
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $819.5M
See more insights into MTY stock on TipRanks’ Stock Analysis page.
