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MTY Food Group (MTYFF)
OTHER OTC:MTYFF
Earnings Data
Report Date
Apr 04, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.61Last Year’s EPS
0.5Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 14, 2025
|% Change Since: -14.54%
|Next Earnings Date:Apr 04, 2025
Earnings Call Sentiment|Neutral
MTY Food Group showed resilience with strong shareholder returns, positive location growth, and digital sales expansion, despite challenges in corporate segments, retail distribution, and significant impairment charges. The overall sentiment of the call is mixed, reflecting both notable achievements and considerable challenges.Company Guidance
During the MTY Food Group's Fiscal Year 2024 Fourth Quarter earnings call, the company reported several key financial metrics. Free cash flows net of rent payments were $5.75 per share, totaling $137.9 million, with $68.6 million returned to shareholders via share buybacks and dividends. MTY managed to pay down $79.5 million of long-term debt, resulting in a healthier balance sheet. Notably, MTY achieved a net positive location growth for the first time in a decade, adding 13 net new restaurants in the quarter. System sales were steady at over $5.6 billion, with sequential improvements from -2% in Q1 to +2% in Q4. Digital sales increased by 9% year-over-year, reaching $1.1 billion, now representing 20% of total sales. The company ended the year with 7,079 locations, predominantly franchised, and a net debt of $656 million, indicating a debt-to-EBITDA ratio of approximately 2.5 times. Despite a net accounting loss of $55.3 million in Q4 due to impairment charges and foreign exchange variations, MTY's financial health was underscored by strong cash flow metrics, including $11 per share in normalized adjusted EBITDA for the year.Record Shareholder Returns
MTY returned a record amount to shareholders through share buybacks and dividend payments totaling over $68.6 million.
Net Positive Location Growth
For the first time in 10 years, MTY achieved net positive location growth in the fourth quarter with a net addition of 13 restaurants.
Strong Digital Sales Growth
Digital sales grew 9% year-over-year to $1.1 billion, now representing 20% of MTY's total sales.
Healthy Balance Sheet
MTY paid back over $79.5 million of its long-term debt, reducing net debt by over $52 million compared to the end of 2023.
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MTYFF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MTYFF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 14, 2025 | $35.00 | $31.21 | -10.83% |
| Oct 11, 2024 | $33.46 | $33.45 | -0.03% |
| Jul 11, 2024 | $30.59 | $34.16 | +11.67% |
| Apr 12, 2024 | $35.71 | $31.79 | -10.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MTY Food Group (MTYFF) report earnings?
MTY Food Group (MTYFF) is schdueled to report earning on Apr 04, 2025, TBA Not Confirmed.
What is MTY Food Group (MTYFF) earnings time?
MTY Food Group (MTYFF) earnings time is at Apr 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MTYFF EPS forecast?
MTYFF EPS forecast for the fiscal quarter 2025 (Q1) is 0.61.
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