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MTY Food Group Posts $1.26 Non-GAAP EPS on $277.7M Revenue

Third-quarter revenue fell 7.1% from a year earlier, while the company recorded 74 net store closures during the 13-week period.

Closed restaurant storefront with empty tables visible through windows / TokenPost.ai
Closed restaurant storefront with empty tables visible through windows / TokenPost.ai

MTY Food Group Inc. posted third-quarter revenue of $277.7 million and non-GAAP earnings per share of $1.26, beating estimates by $82.58 million.

Revenue declined 7.1% from a year earlier. The results covered a 13-week period.

MTY recorded 74 net store closures during the quarter.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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