MTY Food Group Reports Stable Q4 2024 Results

Mty Food Group ( (MTYFF) ) has released its Q4 earnings. Here is a breakdown of the information Mty Food Group presented to its investors.

MTY Food Group Inc. is a prominent franchisor and operator of diverse restaurant concepts across multiple countries, primarily engaged in the quick-service, fast casual, and casual dining sectors. Based in Montreal, MTY has expanded its presence significantly over the years through strategic acquisitions and alliances, operating under 85 different banners worldwide.

In the fourth quarter of fiscal 2024, MTY reported relatively stable financial performance, with a slight increase in system sales and a minor decrease in normalized adjusted EBITDA. The company continues to expand its footprint, closing the quarter with a net opening of 13 new locations, demonstrating resilience and strategic growth in its operations.

Key financial metrics for the quarter showed system sales growth of 2%, reaching $1.37 billion, largely driven by organic growth and positive foreign exchange impacts. The franchising segment saw an 8% increase in normalized adjusted EBITDA, reflecting strong performance. However, the company reported a net loss attributable to owners of $55.3 million, primarily due to impairment charges and foreign exchange losses.

Despite the challenges, MTY maintained operational liquidity, with cash flows from operations amounting to $43.7 million and a continued focus on debt repayments and shareholder returns through dividends and share repurchases. The company also benefited from hedging strategies, reducing interest payments.

Looking forward, MTY Food Group remains committed to expanding its reach and enhancing its brand presence. With ongoing efforts to optimize its portfolio and navigate market conditions, the company aims to continue delivering value to its shareholders and customers alike.