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MTY Food Group (MTYFF)
OTHER OTC:MTYFF
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.42Last Year’s EPS
$0.47Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 11, 2024
|% Change Since: -2.49%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong cash flow generation, improved EBITDA margins, and growth in the U.S. and international markets. However, challenges included a decline in the Canadian segment, net store closures, and a decrease in total revenue.Company Guidance
During the third quarter of 2024, MTY Food Group provided a comprehensive update on its financial performance and strategic initiatives. The company reported a normalized adjusted EBITDA of $71.9 million, slightly down from $72.9 million in the previous year, though EBITDA margins in the franchising segment improved to 56% from 54%. Operating activities generated $66.4 million in cash flows, marking a 29% increase, while free cash flows net of rent payments hit a historic high of $49.3 million. MTY's network sales rose to $1.47 billion, with a notable $22 million increase in the U.S. and International segment, despite a $16.4 million decline in Canada. Digital sales growth continued, rising to 19% of total sales from 17% last year. The company ended the quarter with 7,066 locations, reflecting a net decline due to store closures, particularly within the Papa Murphy's brand. MTY's restructuring efforts have begun to yield results, as seen in improved franchising margins, though overall revenue dipped to $292.8 million from $298.1 million. Looking ahead, MTY remains focused on organic growth and strategic acquisitions, while maintaining a disciplined approach to cost management and capital allocation.Increase in Normalized Adjusted EBITDA Margins
Normalized adjusted EBITDA margins for the franchising segment grew to 56% compared to 54% in the third quarter of 2023.
Record Free Cash Flow
Free cash flows net of rent payments reached a historical high of $49.3 million in the third quarter, up from $32.1 million in Q3 2023.
Positive Growth in U.S. and International Segments
The U.S. and International segment saw overall positive growth in system sales of $22 million for the quarter.
Increase in Digital Sales Proportion
Digital sales grew to represent 19% of total sales, up from 17% in the same period last year.
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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 |
|---|---|---|---|
| Oct 11, 2024 | $33.69 | $33.68 | -0.03% |
| Jul 11, 2024 | $30.79 | $34.39 | +11.69% |
| Apr 12, 2024 | $35.95 | $32.00 | -10.99% |
| Feb 15, 2024 | $42.37 | $36.52 | -13.81% |
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 Feb 13, 2025, TBA Not Confirmed.
What is MTY Food Group (MTYFF) earnings time?
MTY Food Group (MTYFF) earnings time is at Feb 13, 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 2024 (Q4) is $0.42.
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