MTY Food Group Q1 earnings decreased 6% to C$17.3 million due to extreme weather and reduced consumer spending.
MTY Food Group Q1 earnings decreased due to adverse effects of extreme weather and reduced consumer spending, resulting in a 6% drop in net income to C$17.3 million. Revenue declined by 3% to C$278.6 million. The company, which franchises and operates over 90 restaurant brands, reported a profit of 71 cents per diluted share, down from 75 cents per share in the same period last year.
April 12, 2024
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