MTY Food Group

MTY Food Group reported Q1 2026 EPS of USD 0.98, comfortably beating analysts’ estimates, while revenue of USD 267.77 million missed the USD 282 million forecast by 5.05%. Like-for-like sales declined 2.5% in both Canada and the U.S., while digital sales remained steady at 23% of total revenue. Normalized adjusted EBITDA was flat year-over-year at CAD 60.1 million, net income attributable to owners rose to CAD 36.9 million, but free cash flow fell to CAD 29 million. Management is cautiously optimistic, focusing on digital investments and roughly 200 new openings, yet remains restrained due to macroeconomic risks and operational challenges. » More on de.investing.com

MTY Food Group added 19 net locations in Q4, delivering its first full-year positive net unit growth since 2013 with development led by Cold Stone and Wetzel’s. Reported normalized adjusted EBITDA rose 48% to CAD 87.7 million, driven mainly by a one-time CAD 29.5 million gift-card breakage; excluding that, same-store sales fell 1.7% (flat in Canada, -2.8% in the U.S.) and U.S. franchise profits declined. Free cash flow per share was CAD 5.68, Q4 free cash flow net of leases CAD 37.6 million, and net debt was about CAD 580 million (debt/EBITDA ~2x), supporting a 12% dividend increase. Management said operating momentum should continue into 2026, capital spending will normalize, and an active strategic review is underway. » More on finance.yahoo.com

MTY Food reports a 1.6% decline in sales at existing restaurants for the quarter, with the U.S. market hit hardest at -2.5%; Canada recorded only -0.3% and international -0.8%. Weaker demand in shopping centres is attributed to weather and dampened consumer sentiment. Management is focused on organic growth, modernization and new openings, and achieved a net increase of 15 locations in the third quarter. » More on de.investing.com