From GlobeNewswire: 2025-04-11 06:00:00

MTY Food Group Inc. reported a 1% increase in normalized adjusted EBITDA to $60.2 million in Q1-2025. System sales increased by 2.5% to $1,364.8 million, with net income of $1.7 million. The company repurchased $13.8 million in shares and declared a dividend of $0.33 per share for May 15, 2025.

CEO Eric Lefebvre noted stable same-store sales, a temporary decline in unit count, and a robust development pipeline for future growth. Q1-2025 showed strong free cash flow growth, with a focus on strategic acquisitions and share repurchases. The company remains committed to expanding its footprint.

MTY’s network had 7,047 locations, opening 70 and closing 102 in Q1-2025. System sales increased by 2%, with same-store sales decreasing by 1.5%. Revenue grew by 2% to $284.8 million, with normalized adjusted EBITDA reaching $60.2 million. Net income was $1.7 million, impacted by foreign exchange losses.

The franchise segment saw stable revenues, while the corporate segment revenues increased by 3%. Food processing revenues grew by 7%. Cash flows from operating activities reached $58.8 million, with $8.7 million of long-term debt reimbursed. MTY had $68.8 million of cash on hand and $712.7 million in long-term debt.

Looking ahead, MTY anticipates improvements in same-store sales and unit growth. The company is prepared for potential headwinds from tariffs and is focused on menu innovation and customer experiences. Management expects stability in normalized adjusted EBITDA margins and lower capex for 2025, aiming to improve margins through growth and efficiency.



Read more at GlobeNewswire:: MTY Reports First Quarter Results for Fiscal 2025