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MTY Food Group Inc. (T:MTY)

Business Focus: Quick Service Restaurants

May 03, 2024 07:00 am ET
Apr 12, 2024 06:00 am ET
MTY REPORTS FIRST QUARTER RESULTS FOR FISCAL 2024
Cash flows provided by operating activities increased $20.7 million to $54.2 million in the quarter from $33.5 million in Q1-23.Free cash flows net of lease payments(1) more than doubled to reach $36.9 million in the quarter, compared to $15.4 million in Q1-23. Free cash flows net of lease payments per diluted share(2) reached $1.52 for the quarter compared to $0.63 in Q1-23.Net income attributable to owners decreased by 6% at $17.3 million, or $0.71 per diluted share compared to $18.4 million, or $0.75 per diluted share in Q1-23.Normalized adjusted EBITDA(1) decreased 7% to $59.5 million in
Feb 15, 2024 05:00 am ET
MTY REPORTS FOURTH QUARTER AND FISCAL 2023 RESULTS
Annual revenue exceeded $1 billion for the first time in MTY's history.Normalized adjusted EBITDA(1) increased 13% to $60.4 million in the quarter compared to $53.5 million in Q4-22.Free cash flows(1) increased 27% to $44.3 million in the quarter compared to $34.8 million in Q4-22 while annual free cash flows improved 13% to $154.1 million compared to $137.0 million in the prior year. Free cash flows per diluted share(2) reached $1.81 for the quarter and $6.30 for the year. Net income attributable to owners in the quarter reached $16.4 million, or $0.67 per diluted share, an increase of 131%
Feb 07, 2024 06:00 am ET
Jan 24, 2024 06:00 am ET
MTY INCREASES ITS QUARTERLY DIVIDEND BY 12%
MONTREAL, Jan. 24, 2024 /CNW/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants worldwide, announces its quarterly dividend payment will increase from 25.0¢ per share to 28.0¢ per share, a growth of 12%. The 28.0¢ dividend will be payable on February 15, 2024 to shareholders registered in the Company's records at the end of the business day on February 5, 2024.
Oct 11, 2023 06:00 am ET
MTY REPORTS THIRD QUARTER RESULTS FOR FISCAL 2023 AND DECLARES QUARTERLY DIVIDEND
Normalized adjusted EBITDA(1) increased 44% to $72.9 million in the quarter compared to $50.6 million in Q3-22.Free cash flows(1) increased 6% to $43.5 million in the quarter compared to $40.9 million in Q3-22. Free cash flows per diluted share(2) reached $1.77.Same-store sales(3) were positive in Canada and in the US compared to Q3-22: Canada up by 3% and US up by 2%; International was flat.System sales(3) reached $1.5 billion in the quarter, up 33% compared to Q3-22. System sales up 55% in the US, 14% Internationally and 4% in Canada.Normalized adjusted EBITDA franchising margins(2) improv
Oct 03, 2023 07:00 am ET
Aug 15, 2023 07:00 am ET
MTY FOOD GROUP INC. ANNOUNCES NEW CHIEF LEGAL OFFICER
MONTREAL, Aug. 15, 2023 /CNW/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants worldwide, announces today that Jenny Moody was promoted to Chief Legal Officer. 
Jul 17, 2023 07:00 am ET
STANLEY MA UPDATES EARLY WARNING REPORT
MONTREAL, July 17, 2023 /CNW/ - Mr. Stanley Ma, the Founder and President and Chairman of the Board of MTY Food Group Inc. ("MTY"), has filed today an early warning report with respect to his shareholdings in MTY for the distribution of 465,000 common shares of MTY ("Common Shares"), representing 1.90% of the issued and outstanding Common Shares. The common shares were sold through the facilities of the stock exchange, and may also be sold or transferred privately.
Jul 12, 2023 04:30 pm ET
MTY RELEASES ITS 2022 SUSTAINABILITY REPORT UPDATE
MONTREAL, July 12, 2023 /CNW/ - MTY Food Group Inc. ("MTY", "MTY Group" or the "Company") (TSX: MTY), one of the largest franchisors and operators of multiple restaurant concepts worldwide, announced today the release of its 2022 Sustainability Report Update.
Jul 11, 2023 06:00 am ET
MTY REPORTS SECOND QUARTER RESULTS FOR FISCAL 2023 AND DECLARES ITS QUARTERLY DIVIDEND
Normalized adjusted EBITDA(1) increased 57% to $74.6 million in the quarter compared to $47.6 million in Q2-22.Free cash flows(1) increased 78% to $45.1 million in the quarter compared to $25.3 million in Q2-22. Free cash flows per diluted share(2) reached $1.84.Same-store sales(3) were positive in all geographical segments compared to Q2-22: Canada up by 6%, US by 4% and International by 2%.System sales(3) reached an all-time record high of $1.5 billion in the quarter, up 39% compared to Q2-22. System sales up 63% in the US, 18% Internationally and 7% in Canada.Net income attributable to ow
Jun 29, 2023 07:00 am ET
MTY Food Group Inc. announces renewal of normal course issuer bid
MONTREAL, June 29, 2023 /CNW/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, has been informed that the Toronto Stock Exchange ("TSX") has approved the renewal of MTY's normal course issuer bid ("NCIB").
May 03, 2023 07:00 am ET
MTY FOOD GROUP INC. ANNOUNCES RESULTS FROM 2023 ANNUAL GENERAL MEETING
                                                                                                                                              TSX Trading Symbol: "MTY"
Apr 12, 2023 06:00 am ET
MTY REPORTS FIRST QUARTER RESULTS FOR FISCAL 2023 AND DECLARES ITS QUARTERLY DIVIDEND
Normalized adjusted EBITDA(1) increased 79% to $64.0 million in the quarter, compared to $35.6 million in Q1-22. System sales(2) reached an all-time record-high of $1.4 billion in the quarter, up 54% compared to Q1-22. System sales up 69% in the US, 32% in Canada and 12% Internationally.Organic growth contributed an increase of $7.1 million, or 20%, in normalized adjusted EBITDA and an increase of 14% in system sales.Net income attributable to owners of $18.4 million in the quarter, or $0.75 per diluted share, compared to $16.6 million, or $0.68 per diluted share, in Q1-22. Long-term debt re
Feb 16, 2023 05:00 am ET
MTY REPORTS FOURTH QUARTER AND FISCAL 2022 RESULTS
Normalized adjusted EBITDA(1) increased 25% to $53.5 million in Q4-22 and 11% to a record $187.4 million in 2022.Cash flows from operating activities amounted to $35.5 million in Q4-22 and $142.8 million in 2022.Free cash flows per diluted share(2) totaled $1.34 in Q4-22 and $5.37 in 2022.System sales(3) reached $1.2 billion in the quarter and $4.3 billion in the last twelve months.Net income attributable to owners of $7.1 million in Q4-22, or $0.29 per diluted share, and $74.8 million, or $3.06 per diluted share, in 2022. In both cases, the decline is mainly due to acquisition-related trans
Jan 18, 2023 06:00 am ET
MTY INCREASES ITS QUARTERLY DIVIDEND BY 19%
MONTREAL, Jan. 18, 2023 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants worldwide, announces its quarterly dividend payment will increase from 21.0¢ per share to 25.0¢ per share, a growth of 19%. The 25.0¢ dividend will be payable on February 15, 2023 to shareholders registered in the Company's records at the end of the business day on February 3, 2023.
Dec 08, 2022 12:56 pm ET
MTY COMPLETES THE ACQUISITION OF WETZEL'S PRETZELS
MONTREAL, Dec. 8, 2022 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that pursuant to the announcement made on November 2, 2022, one of its wholly-owned subsidiaries has acquired all of the issued and outstanding shares of COP WP Parent, Inc. ("Wetzel's Pretzels", www.wetzels.com) from CenterOak Partners and other selling shareholders for a cash consideration of approximately US$207 million (C$282 million) (the "Transaction"), on a cash-free, debt-free basis.
Nov 16, 2022 06:00 am ET
MTY RELEASES ITS INITIAL SUSTAINABILITY REPORT
MONTREAL, Nov. 16, 2022 /CNW Telbec/ - MTY Food Group Inc. ("MTY", "MTY Group" or the "Company") (TSX: MTY), a franchisor and operator of multiple restaurant concepts worldwide, announced today the release of its initial Sustainability Report.
Nov 02, 2022 07:00 am ET
MTY FOOD GROUP INC. TO ACQUIRE WETZEL'S PRETZELS
MONTREAL, Nov. 2, 2022 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) today announced that one of its wholly owned subsidiaries, MTY Franchising USA, Inc., has entered into a definitive merger agreement (the "Merger Agreement") under which MTY would acquire all of the issued and outstanding shares of COP WP Parent, Inc. ("Wetzel's Pretzels", www.wetzels.com) for cash consideration of approximately US$207 million (C$284 million) (the "Transaction"), on a cash-free, debt-free basis. The terms and conditions of the Merger Agreement were unanimously approved by the Boards
Oct 07, 2022 06:00 am ET
MTY REPORTS THIRD QUARTER 2022 RESULTS AND DECLARES ITS QUARTERLY DIVIDEND
Normalized adjusted EBITDA(1) of $50.6 million in the quarter, compared to $49.7 million in Q3-21.Cash flows from operating activities of $36.8 million in the quarter.Free cash flows per diluted share(2) reached $1.45.System sales(3) reach $1.1 billion in the quarter and exceed $4.0 billion in the last twelve months.Net income attributable to owners of $22.4 million in the quarter, or $0.92 per diluted share, compared to $24.3 million, or $0.98 per diluted share, in Q3-21.Long-term debt repayments of $34.2 million for the quarter.Quarterly dividend payment of $0.21 per share on November 15,
Sep 28, 2022 09:00 am ET
MTY Food Group Inc. Successfully Completes Acquisition of BBQ Holdings, Inc.
MONTREAL, Sept. 28, 2022 /PRNewswire/ -- MTY Food Group Inc. ("MTY") (TSX: MTY) is pleased to announce that it has completed the acquisition of BBQ Holdings, Inc. ("BBQ Holdings") (NASDAQ: BBQ) through the consummation of a merger of its wholly-owned subsidiary, Grill Merger Sub, Inc. ("Merger Sub"), with and into BBQ Holdings without a vote of the BBQ Holdings stockholders in accordance with Section 302A.613(4) of the Minnesota Business Corporation Act (the "MBCA"). In the merger, each share of BBQ Holdings' common stock outstanding immediately prior to the effective time of the merger (oth
Sep 27, 2022 04:48 pm ET
MTY Food Group Inc. Successfully Completes Acquisition of BBQ Holdings, Inc.
MONTREAL, Sept. 27, 2022 /CNW Telbec/ - MTY Food Group Inc. ("MTY") (TSX: MTY) is pleased to announce that it has completed the acquisition of BBQ Holdings, Inc. ("BBQ Holdings") (NASDAQ: BBQ) through the consummation of a merger of its wholly-owned subsidiary,Grill Merger Sub, Inc. ("Merger Sub"), with and into BBQ Holdings without a vote of the BBQ Holdings stockholders in accordance with Section 302A.613(4) of the Minnesota Business Corporation Act (the "MBCA"). In the merger, each share of BBQ Holdings' common stock outstanding immediately prior to the effective time of the merger (other
Sep 26, 2022 07:17 am ET
MTY Food Group Inc. Announces Successful Tender Offer for BBQ Holdings, Inc. Common Stock
MONTREAL, Sept. 26, 2022 /CNW/ - MTY Food Group Inc. (TSX: MTY) ("MTY") today announced the successful completion of its previously announced tender offer for all of the outstanding shares of common stock of BBQ Holdings, Inc. (NASDAQ: BBQ) ("BBQ Holdings"), at a per share price of $17.25 USD in cash, without interest and less any applicable withholding taxes. The tender offer was effected by Grill Merger Sub, Inc. ("Merger Sub"), a wholly owned subsidiary of MTY.
Sep 08, 2022 03:34 am ET
BBQ HOLDINGS INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of BBQ Holdings, Inc. - BBQ
NEW ORLEANS, Sept. 8, 2022 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of BBQ Holdings, Inc. (NasdaqGS: BBQ) to MTY Food Group Inc. (TSX: MTY). Under the terms of the proposed transaction, shareholders of BBQ will receive only $17.25 for each share of BBQ that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
Aug 10, 2022 04:29 pm ET
BBQ HOLDINGS, INC. ALERT: Bragar Eagel & Squire, P.C. Investigates Merger of BBQ and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of BBQ Holdings, Inc. (NASDAQ: BBQ) (“BBQ Holdings”) breached their fiduciary duties or violated...
Aug 09, 2022 01:57 pm ET
SHAREHOLDER ALERT: Weiss Law Investigates BBQ Holdings, Inc.
NEW YORK, Aug. 9, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of BBQ Holdings, Inc. ("BBQ Holdings" or the "Company") (NASDAQ: BBQ), in connection with the proposed acquisition of the Company by MTY Food Group Inc. (TSX: MTY) via tender offer. Under the terms of the merger agreement, the Company's shareholders will receive $17.25 in cash for each share of BBQ Holdings common stock owned. The transaction is valued at approximately $200 million. 
Aug 09, 2022 07:30 am ET
MTY Food Group Inc. to Acquire Bbq Holdings, Inc. for $17.25 Per Share
MONTREAL, August 9th, 2022 - MTY Food Group Inc. (“MTY” or the “Company”) (TSX:MTY) and BBQ  Holdings, Inc. (“BBQ Holdings”) (NASDAQ:BBQ) today announced they have entered into a definitive merger agreement (the “Merger Agreement”) under which MTY...
Aug 09, 2022 07:30 am ET
MTY FOOD GROUP INC. TO ACQUIRE BBQ HOLDINGS, INC. FOR $17.25 PER SHARE
MONTREAL, Aug. 9, 2022 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) and BBQ Holdings, Inc. ("BBQ Holdings") (NASDAQ: BBQ) today announced they have entered into a definitive merger agreement (the "Merger Agreement") under which MTY would acquire all of the issued and outstanding common shares of BBQ Holdings for cash consideration of US$17.25 per BBQ Holdings share representing total transaction value of approximately US$200 million (C$257 million) (the "Transaction"), including BBQ Holdings' net debt. The terms and conditions of the Merger Agreement were unanimousl
Jul 15, 2022 07:00 am ET
MTY FOOD GROUP INC. ANNOUNCES RESULTS FROM 2022 ANNUAL GENERAL MEETING
MONTREAL, July 15, 2022 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, is pleased to announce that all matters set out in the management information circular dated May 13, 2022, for the 2022 Annual General Meeting of Shareholders held on Thursday July 14, 2022 (the ''Meeting'') were approved by shareholders. Over 17,664,703 shares were voted representing 72.36% of the outstanding shares of the Company.
Jul 08, 2022 06:00 am ET
MTY REPORTS SECOND QUARTER 2022 RESULTS AND DECLARES ITS QUARTERLY DIVIDEND
Adjusted EBITDA(1) of $47.6 million in the quarter, compared to $43.5 million in Q2-21.Cash flows from operating activities of $30.7 million in the quarter.Free cash flows per diluted share(2) reached $1.06.Net income attributable to owners of $28.6 million in the quarter, or $1.17 per diluted share, up from a net income attributable to owners of $23.0 million, or $0.93 per diluted share, in Q2-21.Long-term debt repayments of $12.1 million for the quarter.System sales(3) of $1,054.3 million, up 18% compared to Q2-21. System sales up 55% in Canada, 19% Internationally and 1% in the US.Quarter
Jun 28, 2022 07:00 am ET
MTY Food Group Inc. announces renewal of normal course issuer bid
MONTREAL, June 28, 2022 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, has been informed that the Toronto Stock Exchange ("TSX") has approved the renewal of MTY's normal course issuer bid ("NCIB").
Jun 17, 2022 07:00 am ET
MTY announces Date of Annual Meeting of Shareholders
MONTREAL, June 17, 2022 /CNW Telbec/ - MTY Food Group Inc. ("MTY", "MTY Group" or the "Company") (TSX: MTY), one of the largest franchisors and operators of multiple restaurant concepts worldwide, announced that its annual general meeting of shareholders will take place on July 14, 2022 at 1 p.m. EDT. Materials for the meeting were mailed and made available on www.mtygroup.com and www.sedar.com on May 27, 2022. The meeting will take place at the head office of MTY located at 8210 Transcanada Highway, St-Laurent, Quebec. As the health and safety of our employees, shareholders and all of our s
Apr 21, 2022 05:00 pm ET
MTY FOOD GROUP INC. ANNOUNCES THE PROMOTION OF NIK RUPP AS CHIEF OPERATING OFFICER FOR THE PAPA MURPHY'S DIVISION
Montreal, April 21, 2022 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants worldwide, announces today that Mr. Nik Rupp was promoted to Chief Operating Officer, Papa Murphy's division. 
Apr 19, 2022 07:00 am ET
MTY DECLARES ITS QUARTERLY DIVIDEND
MONTREAL, April 19, 2022 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, today declares a quarterly dividend of 21.0¢ per share, payable on May 13, 2022 to shareholders registered in the Company's records at the end of the business day on May 3, 2022.
Apr 08, 2022 06:00 am ET
MTY REPORTS FIRST QUARTER 2022 RESULTS
Adjusted EBITDA(1) of $35.6 million in the quarter, compared to $32.6 million in Q1-21.Cash flows from operating activities of $39.7 million in the quarter.Free cash flows per diluted share(2) reached $1.51.Net income attributable to owners of $16.6 million in the quarter, or $0.68 per diluted share, up from a net income attributable to owners of $13.4 million, or $0.54 per diluted share, in Q1-21.Long-term debt repayments of $10.1 million for the quarter.Repurchased and cancelled 256,400 shares for a total consideration of $14.6 million in Q1-22.System sales(3) of $885.7 million, up 16% com
Mar 31, 2022 07:05 am ET
GoBuyBiz.com: new Canadian platform for the purchase and sale of companies, franchises and commercial properties
MONTREAL, March 31, 2022 /CNW Telbec/ - GoBuyBiz.com strikes a great deal to launch as a partner with MTY Food Group Inc. ("MTY", "MTY Group" or the "Company") (TSX: MTY), one of the world's largest franchisors and operators of restaurant concepts. GoBuyBiz is a powerful and secure solution that connects sellers, franchisors, brokers, and buyers in Canada. 
Mar 31, 2022 07:00 am ET
Feb 17, 2022 05:00 am ET
MTY REPORTS 2021 FOURTH QUARTER AND ANNUAL RESULTS
Adjusted EBITDA(1) increased 22% to $42.8 million in Q4-21 and 22% to a record-high of $168.6 million in 2021.Cash flows from operating activities amounted to $31.9 million in Q4-21 and $139.3 million in 2021.Free cash flows per diluted share(2) totaled $1.44 in Q4-21 and $5.62 in 2021.Net income attributable to owners reached $24.9 million in Q4-21, or $1.00 per diluted share, and $85.6 million, or $3.46 per diluted share, in 2021.Long-term debt repayments of $22.7 million in Q4-21 and $102.2 million in 2021.System sales(3) reached $962.5 million in Q4-21, up 8% compared to Q4-20. System sa
Jan 18, 2022 06:00 am ET
MTY INCREASES ITS QUARTERLY DIVIDEND BY 14%
MONTREAL, Jan. 18, 2022  /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants worldwide, announces its quarterly dividend payment will increase from 18.5¢ per share to 21.0¢ per share, a growth of 14%. The 21.0¢ dividend will be payable on February 15, 2022 to shareholders registered in the Company's records at the end of the business day on February 3, 2022.
Dec 01, 2021 04:00 pm ET
MTY Completes the Acquisition of Küto Comptoir à Tartares
MONTREAL, Dec. 1, 2021 /CNW/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that pursuant to the announcement made on October 18, 2021, one of its wholly-owned subsidiaries has acquired the assets of Küto Comptoir à Tartares (www.kuto.ca), a fast-growing chain of tartare restaurants.
Nov 24, 2021 04:00 pm ET
Mty Food Group Inc. Announces the Nomination of Victor Mandel to its Board of Directors
MONTREAL, Nov. 24, 2021 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants worldwide, announces today that Mr. Victor Mandel was appointed to its board of directors, effective November 23, 2021. He was also elected Chairman of the Audit Committee.
Nov 16, 2021 04:00 pm ET
MTY Food Group Inc. Announces Changes to its Board
MONTREAL, Nov. 16, 2021 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants worldwide, announces today that Mr. Gary O'Connor has resigned from the Board of Directors.
Oct 18, 2021 08:00 am ET
MTY Enters into an Agreement to Acquire the Assets of Küto Comptoir à Tartares
MONTREAL, Oct. 18, 2021 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that one of its wholly-owned subsidiaries has signed an agreement to acquire the assets of Küto Comptoir à Tartares (www.kuto.ca), a rapidly growing tartare restaurant chain.
Oct 14, 2021 07:00 am ET
MTY declares its Quarterly Dividend
MONTREAL, Oct. 14, 2021 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, today declares a quarterly dividend of 18.5¢ per share, payable on November 15, 2021 to shareholders registered in the Company's records at the end of the business day on November 2, 2021.
Oct 08, 2021 06:00 am ET
MTY Reports Third Quarter 2021 Results
Adjusted EBITDA(1) of $49.7 million in the quarter, compared to $43.4 million in Q3-20. Cash flows from operating activities of $46.6 million, up by 21% compared to Q3-20, despite duration of COVID-19 pandemic. Free cash flows per diluted share(2) increased by 23% compared to Q3-20 to reach $1.84, in part due to higher adjusted EBITDA. Net income attributable to shareholders of $24.3 million in the quarter, or $0.98 per diluted share, up from a net income attributable to shareholders of $22.9 million, or $0.93 per diluted share, in Q3-20. Long-term debt repayments of $35.2 million for the qu
Sep 03, 2021 05:15 pm ET
S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index
TORONTO, Sept. 3, 2021 /CNW/ - As a result of the quarterly review, S&P Dow Jones Indices will make the following changes to the S&P/TSX Composite Index prior to the open of trading on Monday, September 20, 2021:
Jul 16, 2021 07:00 am ET
Jul 09, 2021 06:00 am ET
MTY Reports Second Quarter 2021 Results
Adjusted EBITDA(1) of $43.5 million in the quarter, compared to $18.2 million in Q2-20. Cash flows from operating activities of $29.5 million, up by 54% compared to Q2-20, despite duration of COVID-19 pandemic. Free cash flows(1) per diluted share decreased by 5% compared to Q2-20 to reach $1.11. Q2-20 was favorably impacted by the proceeds received from franchising multiple corporate locations. Net income attributable to shareholders of $23.0 million in the quarter, or $0.93 per share, up from a net loss attributable to shareholders of $99.1 million, or $4.01 per share, in Q2-20. Non-cash i
Jun 28, 2021 07:00 am ET
MTY Food Group Inc. announces renewal of normal course issuer bid
MONTREAL, June 28, 2021 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, has been informed that the Toronto Stock Exchange ("TSX") has approved the renewal of MTY's normal course issuer bid ("NCIB").
May 17, 2021 09:15 am ET
MTY Food Group Inc. Announces the Nomination of Suzan Zalter to its Board of Directors
MONTREAL, May 17, 2021 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants worldwide, announces today that Mrs. Suzan Zalter was appointed to its board of directors, effective May 13, 2021. 
May 07, 2021 04:00 pm ET
MTY announces Date of Annual Meeting of Shareholders
MONTREAL, May 7, 2021 /CNW Telbec/ - MTY Food Group Inc. ("MTY", "MTY Group" or the "Company") (TSX: MTY), one of the largest franchisors and operators of multiple restaurant concepts worldwide, announced that its annual general meeting of shareholders will take place on July 15, 2021 at 1 p.m. EST.
Apr 20, 2021 07:05 pm ET
Stanley Ma Updates Early Warning Report
MONTREAL, April 20, 2021 /CNW Telbec/ - Mr. Stanley Ma, the Founder and President and Chairman of the Board of MTY Food Group Inc. ("MTY"), has filed today an early warning report with respect to his shareholdings in MTY further to the completion of his previously announced proposed distribution of 880,000 common shares of MTY ("Common Shares"), representing 3.56% of the issued and outstanding Common Shares.
Apr 12, 2021 07:00 am ET
Stanley Ma Updates Early Warning Report
MONTREAL, April 12, 2021 /CNW Telbec/ - Mr. Stanley Ma, the Founder and President and Chairman of the Board of MTY Food Group Inc. ("MTY"), has filed today a notice of intention to distribute securities in connection with his proposed sale of up to 880,000 common shares of MTY ("Common Shares"), representing up to 3.56% of the issued and outstanding Common Shares. The Common Shares are expected to be sold through the facilities of the Toronto Stock Exchange, and may also be sold or transferred privately.
Apr 12, 2021 06:00 am ET
MTY Food Group Inc. Announces Planned Partial Reduction of Share Ownership by Stanley Ma
MONTREAL, April 12, 2021 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants worldwide,  announces today that Mr. Stanley Ma, the Founder and President and Chairman of the Board of MTY, has filed a notice of intention to distribute securities in connection with his proposed sale of up to 880,000 common shares of the Company (representing up to 3.56% of the issued and outstanding common shares). The common shares are expected to be sold through the facilities of the Toronto Stock Exchange, and may also be sold or
Apr 09, 2021 06:00 am ET
MTY Reports First Quarter 2021 Results
Free cash flows(1) per diluted share decreased by 1% compared to Q1-20 to reach $1.23. Cash flows from operating activities of $31.3 million, up by 1% compared to Q1-20, despite duration of COVID-19 pandemic. Adjusted EBITDA(1) of $32.6 million in the quarter, down 20% compared to Q1-20. US & International segment adjusted organic EBITDA growth of $4.7 million. Net income attributable to shareholders of $13.4 million in the quarter, or $0.54 per share, down from $19.0 million, or $0.76 per share, in Q1-20. Long-term debt repayments of $29.1 million for the quarter. System sales(1) of $76
Mar 19, 2021 04:00 pm ET
MTY Food Group Inc. Announces Changes to its Board
MONTREAL, March 19, 2021 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants worldwide, announces today that Mr. David K. Wong has resigned from the Board of Directors, effective March 31, 2021.
Feb 18, 2021 05:00 am ET
MTY Reports 2020 Fourth Quarter and Annual Results
Free cash flows(1) for Q4-20 of $43.9 million, up 1% compared to Q4-19; on a per diluted share basis, free cash flows were $1.78 per share in the quarter, compared to $1.74 a year before. For fiscal year 2020, free cash flows were $140.7 million, up 20% compared to 2019; on a per diluted share basis, free cash flows for 2020 reached $5.68, compared to $4.64 in 2019. Adjusted EBITDA(1) for Q4-20 decreased 18% to reach $35.2 million; adjusted EBITDA(1) for 2020 down 6% to $137.8 million. Long-term debt repayments of $37.6 million for the quarter. Net income attributable to shareholders for Q4-
Oct 09, 2020 05:00 am ET
MTY Reports Third Quarter Results
Adjusted EBITDA(1) of $43.4 million in the quarter, up 4% compared to Q3-19 Management initiatives resulting in a reduction of recurring controllable expenses of $10.0 million for Q3 Cash flows from operating activities of $38.6 million despite dramatic impact of COVID-19 Net income attributable to shareholders of $22.9 million in the quarter, or $0.93 per share Repayment of long-term debt of $38.0 million during Q3 System sales(1) of $897.5 million, down 17% compared to Q3-19 52,900 business days were lost during the quarter. 1,470 restaurants were temporarily closed at the beginning of the
Jul 10, 2020 06:00 am ET
MTY Reports Second Quarter Results
Non-cash impairment charge of $120.3 million related to property, plant and equipment, intangible assets and goodwill Net loss attributable to shareholders of $99.1 million or ($4.01) per share System sales of $670.7 million, down 19% compared to Q2-19 2,757 restaurants closed during the quarter, resulting in 138,931 business days lost during the quarter; 1,470 were still closed at quarter end, and 573 remain closed as of the date of this press release, which represents less than 8% of the network. Amended existing credit facility with more flexible financial covenants for the next four quar
Jun 29, 2020 07:00 am ET
MTY Food Group Inc. announces renewal of normal course issuer bid
MONTREAL, June 29, 2020 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, has been informed that the Toronto Stock Exchange ("TSX") has approved the renewal of MTY's normal course issuer bid ("NCIB").
Jun 12, 2020 05:15 pm ET
S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index and S&P/TSX 60 Index
TORONTO, June 12, 2020 /CNW/ - As a result of the quarterly review, S&P Dow Jones Indices will make the following changes in the S&P/TSX Composite Index and S&P/TSX 60 Index prior to the open of trading on Monday, June 22, 2020:
May 04, 2020 07:00 am ET
MTY Food Group Inc. Announces Results from 2020 Annual General Meeting
MONTREAL, May 4, 2020 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, is pleased to announce that all matters set out in the management information circular dated March 27, 2020 for the 2020 Annual General Meeting of Shareholders held on Friday May 1, 2020 (the ''Meeting'') were approved by shareholders. Over 17,151,409 shares were voted representing 69.42% of the outstanding shares of the Company.
May 01, 2020 05:30 am ET
MTY Reports First Quarter Results
EBITDA of $41.0 million, up 45% compared to Q1-19 Favorable impact from IFRS16 of $2.5 million compared to Q1-19 Free cash flows of $30.7 million, up 23% compared to Q1-19 Net income attributable to shareholders increased 29% to $19.0 million or $0.76 per share Consolidated same store sales growth of +2.1%; Canada, USA and International were respectively +1.6%, +4.3% and -5.7% System sales of $999.5 million, up 45% compared to Q1-19 Repurchased and cancelled 181,044 shares for a total consideration of $9.7 million in Q1-20 Cash on hand of $56.8 million at February 29, 2020 Announced measures
Apr 23, 2020 05:15 pm ET
S&P Dow Jones Indices Announces Change to the S&P/TSX Canadian Dividend Aristocrats Index
TORONTO, April 23, 2020 /CNW/ - S&P Dow Jones Indices announces the following index change to the S&P/TSX Canadian Dividend Aristocrats Index as a result of the monthly dividend review. Change will be effective prior to the open of trading on Friday, May 1, 2020.
Apr 09, 2020 11:03 am ET
IIROC Trade Resumption - MTY
TORONTO, April 9, 2020 /CNW/ - Trading resumes in:
Apr 09, 2020 10:52 am ET
IIROC Trading Halt - MTY
TORONTO, April 9, 2020 /CNW/ - The following issues have been halted by IIROC:
Apr 06, 2020 07:00 am ET
MTY Provides Update on Timing of Release of its First Quarter 2020 Financial Results and Update on Operations
MONTREAL, April 6, 2020 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants worldwide announces that it intends to rely on exemptions recently granted by Canadian securities regulatory authorities that allow issuers to delay the issue of the financial statements and MD&A. Without the exemptions, the Company would be required to issue and file its quarterly financial statements and MD&A by April 14, 2020. In response to the global Coronavirus (COVID-19) pandemic, securities regulatory authorities in Canada
Mar 18, 2020 01:15 pm ET
IIROC Trade Resumption - MTY
TORONTO, March 18, 2020 /CNW/ - Trading resumes in:
Mar 18, 2020 01:07 pm ET
IIROC Trading Halt - MTY
TORONTO, March 18, 2020 /CNW/ - The following issues have been halted by IIROC:
Mar 16, 2020 07:00 am ET
MTY Announces Measures to Support its Franchisees
MONTREAL, March 16, 2020 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants worldwide, announces it has decided to postpone the collection of royalties for a four-week period starting Tuesday, March 17, 2020.
Feb 24, 2020 05:00 am ET
MTY Reports 2019 Fourth Quarter and Annual Results
EBITDA for Q4-19 increased 30% to reach $43.0 million; EBITDA for 2019 up 18% to $147.4 million Free cash flows for Q4-19 of $43.6 million, up 59% compared to Q4-18; for 2019 free cash flows were $116.9 million, up 26% compared to 2018 Net income attributable to shareholders for Q4-19 increased 56% to $20.7 million or $0.83 per share Consolidated same store sales growth of +1.5% in Q4-19; Canada, USA and International were respectively +1.5%, +2.7% and -7.6% System sales of $1,023.5 million in Q4-19, up 45% from Q4-18; system sales of $3,619.8 million in 2019, up 30% from 2018 Announced on J
Feb 14, 2020 06:00 am ET
MTY Postpones the Publication of its Fourth Quarter Results
MONTREAL, Feb. 14, 2020 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announces it has decided to postpone the publication of the fourth quarter results and the related conference call, which were scheduled for February 18, 2020, to a date to be announced.
Jan 20, 2020 06:00 am ET
MTY Increases its Quarterly Dividend by 12%
MONTREAL, Jan. 20, 2020 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants worldwide, announces an increase of 12% of its quarterly dividend payment, which increases from 16.5¢ per share to 18.5¢ per share. The 18.5¢ dividend will be payable on February 14, 2020 to shareholders registered in the Company's records at the end of the business day on February 3, 2020.
Dec 04, 2019 06:00 am ET
MTY Completes the Acquisition of a Majority Interest in Turtle Jack's Muskoka Grill, COOP Wicked Chicken and Frat's Cucina
MONTREAL, Dec. 4, 2019 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that pursuant to the announcement made on October 2nd, 2019, one of its wholly-owned subsidiaries has signed an agreement to acquire a 70% interest in Turtle's Jack's Muskoka Grill (https://turtlejacks.com/), COOP Wicked Chicken (http://thecoop.ca/) and Frat's Cucina (https://frats.ca/) (together "Tortoise Group"), three casual dining concepts operating in the province of Ontario.
Oct 18, 2019 06:00 am ET
MTY Declares its Quarterly Dividend
MONTREAL, Oct. 18, 2019 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, today declares a quarterly dividend of 16.5¢ per share, payable on November 15, 2019 to shareholders registered in the Company's records at the end of the business day on November 4, 2019.
Oct 11, 2019 06:00 am ET
MTY Reports Record Third Quarter Results
Quarterly system sales were over $1 billion for the first time in MTY's history, reaching $1,076.2 million, an increase of 36% compared to Q3-18. Same store sales of +0.7% in Canada, +0.6% in the US and -5.4% in international markets EBITDA reaches a historical high of $41.8 million, up 8.0% compared to Q3-18 Normalized EBITDA of $42.1 million, up 8.2% compared to Q3-18 Normalized free cash flows of $26.9 million, down 4% compared to Q3-18 At the end of the quarter, the network had 7,441 locations in operation Net income attributable to shareholders for Q3-19 of $22.9 million or $0.91 per sh
Oct 02, 2019 07:00 am ET
MTY enters into an agreement to acquire the majority interest in Turtle Jack's Muskoka Grill, COOP Wicked Chicken and Frat's Cucina
MONTREAL, Oct. 2, 2019 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that one of its wholly-owned subsidiaries has signed an agreement to acquire a 70% interest in Turtle's Jack's Muskoka Grill (https://turtlejacks.com/), COOP Wicked Chicken (http://thecoop.ca/) and Frat's Cucina (https://frats.ca/) (together "Tortoise Group"), three casual dining concepts operating in the province of Ontario.
Jul 22, 2019 07:00 am ET
MTY Completes the Acquisition of Allô! Mon Coco
MONTREAL, July 22, 2019 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that pursuant to the announcement made on April 30, 2019, one of its wholly-owned subsidiaries has acquired substantially most of the assets of Allô! Mon Coco (https://allomoncoco.com/amc/), a rapidly growing chain of gourmet breakfast and lunch restaurants.
Jul 18, 2019 07:00 am ET
MTY Declares its Quarterly Dividend
MONTREAL, July 18, 2019 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, today declares a quarterly dividend of 16.5¢ per share, payable on August 15, 2019 to shareholders registered in the Company's records at the end of the business day on August 2, 2019.
Jul 16, 2019 07:00 am ET
MTY completes the acquisition of Yuzu Sushi
MONTREAL, July 16, 2019 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that pursuant to the announcement made on June 6, 2019, one of its wholly-owned subsidiaries has acquired the assets of Yuzu Sushi (https://yuzusushi.ca/), a fast-growing chain of sushi restaurants.
Jul 12, 2019 06:00 am ET
MTY Reports Second Quarter Results
Note that effective December 1, 2018, the Company implemented IFRS 15, Revenue from contracts with customers. Comparative figures provided for each quarter of the year ended November 30, 2018 have been restated to reflect the adoption of this accounting standard. Please refer to the section Changes in accounting policies in the Management's Discussion and Analysis for further details.
Jun 27, 2019 05:00 pm ET
MTY Food Group Inc. announces renewal of normal course issuer bid
MONTREAL, June 27, 2019 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, has been informed that the Toronto Stock Exchange ("TSX") has approved the renewal of MTY's normal course issuer bid ("NCIB").
Jun 06, 2019 08:00 am ET
MTY enters into an agreement to acquire the assets of Yuzu Sushi
MONTREAL, June 6, 2019 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that one of its wholly-owned subsidiaries has signed an agreement to acquire the assets of Yuzu Sushi (https://yuzusushi.ca/), a fast-growing chain of sushi restaurants.
May 23, 2019 09:15 am ET
MTY Food Group Inc. Successfully Completes Acquisition of Papa Murphy's Holdings, Inc.
MONTREAL, May 23, 2019 /CNW Telbec/ - MTY Food Group Inc. ("MTY") (TSX: MTY) is pleased to announce that it has completed the acquisition of Papa Murphy's Holdings, Inc. ("Papa Murphy's") (NASDAQ: FRSH) through the consummation of a merger of its wholly-owned subsidiary, MTY Columbia Merger Sub, Inc. ("Merger Sub"), with and into Papa Murphy's without a vote of the Papa Murphy's stockholders in accordance with Section 251(h) of the General Corporation Law of the State of Delaware. In the merger, each share of Papa Murphy's common stock outstanding immediately prior to the effective time of t
May 23, 2019 09:15 am ET
MTY Food Group Inc. Successfully Completes Acquisition of Papa Murphy’s Holdings, Inc.
MTY Food Group Inc. (“MTY”) (TSX:MTY) is pleased to announce that it has completed the acquisition of Papa Murphy’s Holdings, Inc. (“Papa Murphy’s”) (NASDAQ:FRSH) through the consummation of a merger of its wholly-owned subsidiary, MTY Columbia...
May 23, 2019 07:00 am ET
MTY Food Group Inc. Completes Tender Offer for Papa Murphy's Holdings, Inc. Common Stock
MONTREAL, May 23, 2019 /CNW Telbec/ - MTY Food Group Inc. ("MTY") (TSX: MTY) and Papa Murphy's Holdings, Inc. ("Papa Murphy's") (NASDAQ: FRSH) are pleased to announce that MTY has successfully completed its previously announced offer to purchase all outstanding shares of common stock of Papa Murphy's at a per share price of US$6.45 (the "Tender Offer"), net to the seller in cash, without interest and less any applicable withholding taxes. The Tender Offer was effected by MTY Columbia Merger Sub, Inc. ("Merger Sub"), a wholly owned subsidiary of MTY.
May 23, 2019 07:00 am ET
MTY Food Group Inc. Completes Tender Offer for Papa Murphy’s Holdings, Inc. Common Stock
MTY Food Group Inc. (“MTY”) (TSX:MTY) and Papa Murphy’s Holdings, Inc. (“Papa Murphy’s”) (NASDAQ:FRSH) are pleased to announce that MTY has successfully completed its previously announced offer to purchase all outstanding shares of common stock of...
May 03, 2019 07:00 am ET
MTY Food Group Inc. Announces Results from 2019 Annual General and Special Meeting and Adoption of an Advance Notice By-law
MONTREAL, May 3, 2019 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, is pleased to announce that all matters set out in the management information circular dated March 28, 2019 for the 2019 Annual General and Special Meeting of Shareholders held on Thursday May 2, 2019 (the ''Meeting'') were approved by shareholders. Over 17,939,622 shares were voted representing 71.27% of the outstanding shares of the Company.
Apr 30, 2019 07:00 am ET
MTY enters into an agreement to acquire the assets of Allô! Mon Coco
MONTREAL, April 30, 2019 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that one of its wholly-owned subsidiaries has signed an agreement to acquire the assets of Allô! Mon Coco (https://allomoncoco.com/amc/), a rapidly growing chain of gourmet breakfast and lunch restaurants.
Apr 18, 2019 07:00 am ET
MTY Declares its Quarterly Dividend
MONTREAL, April 18, 2019 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, today declares a quarterly dividend of 16.5¢ per share, payable on May 15, 2019 to shareholders registered in the Company's records at the end of the business day on May 3, 2019.
Apr 11, 2019 07:00 am ET
MTY Food Group Inc. and Papa Murphy's Holdings, Inc. Announce Definitive Merger Agreement
MONTREAL, April 11, 2019 /CNW Telbec/ - MTY Food Group Inc. ("MTY") (TSX: MTY) and Papa Murphy's Holdings, Inc. ("Papa Murphy's") (NASDAQ: FRSH) today announced they have entered into a definitive merger agreement (the "Merger Agreement") under which MTY would acquire all of the issued and outstanding shares of common stock of Papa Murphy's for cash consideration of US$6.45 per share, representing total transaction value of approximately US$190.0 million (C$253.2 million) (the "Transaction"), including Papa Murphy's net debt outstanding. The purchase price per share of Papa Murphy's common s
Apr 11, 2019 07:00 am ET
MTY Food Group Inc. and Papa Murphy’s Holdings, Inc. Announce Definitive Merger Agreement
MTY Food Group Inc. (“MTY”) (TSX:MTY) and Papa Murphy’s Holdings, Inc. (“Papa Murphy’s”) (NASDAQ:FRSH) today announced they have entered into a definitive merger agreement (the “Merger Agreement”) under which MTY would acquire all of the issued and...
Apr 11, 2019 06:55 am ET
MTY Reports First Quarter Results
Note that effective December 1, 2018, the Company implemented IFRS 15, Revenue from contracts with customers. Comparative figures provided for each quarter of the year ended November 30, 2018 have been restated to reflect the adoption of this accounting standard. Please refer to the section Changes in accounting policies in the Management's Discussion and Analysis for further details.
Mar 21, 2019 05:00 pm ET
MTY completes the acquisition of South Street Burger
MONTREAL, March 21, 2019 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that pursuant to the announcement made on December 11, 2018, one of its wholly-owned subsidiaries has acquired substantially most of the assets of South Street Burger (www.southstburger.com)
Feb 20, 2019 06:00 am ET
/C O R R E C T I O N from Source -- MTY Food Group Inc./
In the news release, MTY Reports 2018 Fourth Quarter And Annual Results, issued February 15, 2019 by MTY Food Group Inc. over CNW, we are advised by the Company that fourth quarter Earnings per share should be $0.51 rather than $0.34 as originally issued inadvertently. The correction has no impact on audited Financial Year results of 2018. The complete, corrected release follows:
Feb 15, 2019 06:00 am ET
MTY reports 2018 fourth quarter and annual results
A network of 5,984 locations in 2018, up 9.4% from 2017, mainly as a result of acquisitions System sales of $707.4 million in Q4-18, up 30% from Q4-17; system sales of $2.8 billion in 2018, up 20.9% from 2017 EBITDA for Q4-18 increased 20.3% to reach $32.7 million Announced on January 21, 2019 an increase of the quarterly dividend of 10% to $0.165 Net income attributable to shareholders for Q4-18 decreased 33%, to $12.9 million; the decline is attributable to compounding non-recurring items in 2017 and 2018. For 2018, net income attributable to shareholders doubled to $98.6 million Signed an
Feb 04, 2019 04:00 pm ET
Jan 24, 2019 04:15 pm ET
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Results of the Review of S&P/TSX Canadian Dividend Aristocrats Index
Jan 21, 2019 06:00 am ET
MTY increases its quarterly dividend by 10%
MONTREAL, Jan. 21, 2019 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants worldwide, announces an increase of 10% of its quarterly dividend payment, which increases from 15¢ per share to 16.5¢ per share. The 16.5¢ dividend will be payable on February 15, 2019 to shareholders registered in the Company's records at the end of the business day on February 4, 2019.
Dec 11, 2018 06:00 am ET
MTY enters into an agreement to acquire South St. Burger
MONTREAL, Dec. 11, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that one of its wholly-owned subsidiaries has signed an agreement to acquire the assets of South St. Burger (www.southstburger.com), a chain of gourmet burger restaurants.
Dec 11, 2018 05:30 am ET
MTY Completes the Acquisition of Casa Grecque
MONTREAL, Dec. 11, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY)  announced today that pursuant to the announcement made on October 31, 2018, one of its wholly-owned subsidiaries has acquired substantially most of the assets of Casa Grecque (www.casagrecque.ca).
Oct 31, 2018 07:00 am ET
MTY enters into an agreement to acquire Casa Grecque
MONTREAL, Oct. 31, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that one of its wholly-owned subsidiaries has signed an agreement to acquire most of the assets of Casa Grecque (www.casagrecque.ca), a chain of bring-your-own-wine restaurants founded 38 years ago by brothers, Peter and Louis Berlemis.
Oct 10, 2018 07:00 am ET
MTY reports 2018 third quarter results
Network sales increased 24%, owing to the acquired concepts and a slightly positive same store sales growth. Revenues increased 26% to $91.2 million compared to $72.4 million last year. EBITDA(1) increased 55% to $39.6 million, a historical high for the Company, versus $25.6 million last year. Net income attributable to shareholders increased 85%, to $22.3 million or $0.89 per share ($0.88 per diluted share), versus $12.0 million and $0.56 per share (basic and diluted) last year. Cash flows generated by operating activities were $28.4 million, compared to $24.9 million. Operating cash flow b
Oct 01, 2018 05:00 pm ET
Sep 26, 2018 07:00 am ET
MTY Completes the Acquisition of sweetFrog Premium Frozen Yogurt
MONTREAL, Sept. 26, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY)  announced today that pursuant to the announcement made on September 4, 2018, one of its wholly-owned subsidiaries has acquired substantially all of the assets of the sweetFrog Premium Frozen Yogurt franchise system ("sweetFrog") (www.sweetFrog.com).
Sep 14, 2018 05:15 pm ET
S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index
TORONTO, Sept. 14, 2018 /CNW/ - As a result of the quarterly review, S&P Dow Jones Indices will make the following changes in the S&P/TSX Composite Index prior to the open of trading on Monday, September 24, 2018:
Sep 04, 2018 07:00 am ET
MTY enters into an agreement to acquire sweetFrog Premium Frozen Yogurt
MONTREAL, Sept. 4, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that one of its wholly-owned subsidiaries has signed an agreement to acquire most of the assets of the sweetFrog Premium Frozen Yogurt franchise system ("sweetFrog") (www.sweetFrog.com), for an estimated consideration of USD $35 million.
Jul 18, 2018 07:00 am ET
MTY declares its quarterly dividend
MONTREAL, July 18, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, today declares a quarterly dividend of 15¢ per share, payable on August 15, 2018 to shareholders registered in the Company's records at the end of the business day on July 31, 2018.
Jul 11, 2018 07:00 am ET
MTY Reports Results for the Second Quarter of its 2018 Fiscal Period
MONTREAL, July 11, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, reports today the results of its operations for the second quarter of its 2018 fiscal year.
Jun 27, 2018 05:00 pm ET
MTY Food Group Inc. announces normal course issuer bid
MONTREAL, June 27, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, has been informed that the Toronto Stock Exchange ("TSX") has accepted MTY's notice of intention to make a normal course issuer bid to purchase some of its common shares for cancellation.
Jun 26, 2018 08:00 am ET
Thai Express Calgary Airport Locations Awarded for Excellence in Airport Concessions as Best New Food and Beverage (Quick-Service Concept) in North America
MONTREAL, June 26, 2018 /CNW Telbec/ - Thai Express has been recognized by the Airports Council International- North America (ACI-NA) as the Best New Food and Beverage Quick-Service Concept for 2018. This prestigious distinction was awarded to Thai Express at the Calgary International Airport (YYC) during the recent 2018 ACI-NA Excellence in Airport Concessions Awards held in Portland OR on June 14, 2018.
Jun 26, 2018 08:00 am ET
Thai Express Calgary Airport Locations Awarded for Excellence in Airport Concessions as Best New Food and Beverage (Quick-Service Concept) in North America
MONTREAL, June 26, 2018 /PRNewswire/ - Thai Express has been recognized by the Airports Council International- North America (ACI-NA) as the Best New Food and Beverage Quick-Service Concept for 2018. This prestigious distinction was awarded to Thai Express at the Calgary International Airport (YYC) during the recent 2018 ACI-NA Excellence in Airport Concessions Awards held in Portland OR on June 14, 2018.
Jun 11, 2018 07:00 am ET
MTY provides additional information regarding changes in senior management
MONTREAL, June 11, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, today announces the management changes pursuant to its May 2nd, 2018 announcement according to which Mr. Stanley Ma and Mrs. Claude St-Pierre will be leaving their respective roles as CEO and COO of the corporation on November 2nd, 2018 to concentrate on their Board of Director responsibilities.
May 28, 2018 08:32 am ET
MTY Announces the Nomination of an Additional Director
MONTREAL, May 28, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, today announces that pursuant to the announcement made on May 2nd, 2018 according to which Mr. Eric Lefebvre will succeed to Mr. Stanley Ma as chief executive office of the Company on November 2nd, 2018, its board of directors has decided to appoint Mr. Lefebvre as a director of the Company, effective today.
May 02, 2018 07:05 pm ET
May 02, 2018 01:17 pm ET
IIROC Trade Resumption - MTY
TORONTO, May 2, 2018 /CNW/ - Trading resumes in:
May 02, 2018 01:10 pm ET
IIROC Trading Halt - MTY
TORONTO, May 2, 2018 /CNW/ - The following issues have been halted by IIROC:
May 02, 2018 01:00 pm ET
MTY Announces Changes in Senior Management
MONTREAL, May 2, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, today announces that its founder Mr. Stanley Ma has indicated to the board of directors he will be stepping down as Chief Executive Officer of the Company effective November 2nd, 2018.
May 01, 2018 06:30 am ET
Cultures, Villa Madina & Mr. Souvlaki Receives Franchisees' Choice Designation at CFA National Convention
RICHMOND HILL, ON, May 1, 2018 /CNW Telbec/ - Cultures, Villa Madina and Mr. Souvlaki, three (3) brands under the MTY Group (TSX: MTY) were honoured as a recipient of the Franchisees' Choice designation on April 23, 2018 during a Gala Awards Presentation at the 27th annual Canadian Franchise Association (CFA) National Convention in Ottawa, Ontario. This is the eighth year for the annual Franchisees' Choice designation program.  This marks the second consecutive year that Cultures Restaurants and Villa Madina Restaurants are receiving this award.  Mr. Souvlaki Restaurants is a first-year reci
Apr 23, 2018 07:00 am ET
MTY declares its quarterly dividend
MONTREAL, April 23, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, today declares a quarterly dividend of 15¢ per share, payable on May 15, 2018 to shareholders registered in the Company's records at the end of the business day on May 2, 2018.
Apr 09, 2018 07:00 am ET
MTY reports results for the first quarter of its 2018 fiscal period
MONTREAL, April 9, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, reports today the results of its operations for the first quarter of its 2018 fiscal year.
Apr 05, 2018 06:00 am ET
MTY completes the acquisition of Timothy's World Coffee and Mmmuffins
MONTREAL, April 5, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that pursuant to the announcement made on February 15, 2018, it has acquired the assets of Timothy's World Coffee ("Timothy's) (www.timothyscafes.com) and Mmmuffins (www.mmmuffins.com), from Threecaf Brands, Canada, Inc., a subsidiary of Le Duff America.
Mar 16, 2018 07:00 am ET
MTY Food Group Inc. completes the acquisition of Grabbagreen
MONTREAL, March 16, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that pursuant to the announcement made on February 19, 2018, one of its wholly-owned subsidiaries has acquired the assets of the Grabbagreen® franchise system (www.Grabbagreen.com).
Mar 01, 2018 02:19 pm ET
MTY Food Group Completes Combination with Imvescor Restaurant Group
MONTREAL, March 1, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY") (TSX: MTY) and Imvescor Restaurant Group Inc. ("Imvescor") (TSX: IRG) announced today the completion of the previously announced amalgamation (the "Amalgamation") under Section 181 of the Canada Business Corporations Act involving Imvescor and a direct wholly-owned subsidiary of MTY.
Feb 21, 2018 06:00 am ET
MTY provides an update on its combination process with Imvescor
MONTREAL, Feb. 21, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that, pursuant to the announcement made December 12, 2017 regarding its combination with Imvescor Restaurant Group ("IRG"), a special meeting of the shareholders of IRG was held on February 19, 2018 during which the shareholders of Imvescor who voted their shares casted a convincing 92.73% of their votes in favour of the transaction.
Feb 19, 2018 06:00 am ET
MTY Enters into an Agreement to Acquire the Assets of Grabbagreen
MONTREAL, Feb. 19, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that one of its wholly-owned subsidiaries has signed an agreement to acquire the assets of the Grabbagreen® franchise system (www.Grabbagreen.com), for an estimated consideration of USD $2.75 million.
Feb 15, 2018 04:51 pm ET
MTY Reports Results for the Fourth Quarter of its 2017 Fiscal Period
MONTREAL, Feb. 15, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, reports today the results of its operations for the fourth quarter of its 2017 fiscal year.
Feb 15, 2018 06:00 am ET
MTY enters into an agreement to acquire the assets of Timothy's World Coffee and Mmmuffins
MONTREAL, Feb. 15, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that one of its wholly-owned subsidiaries has signed an agreement to acquire the assets of Timothy's World Coffee ("Timothy's") (www.timothyscafes.com) and Mmmuffins (www.mmmuffins.com), from Threecaf Brands, Canada, Inc., a subsidiary of Le Duff America, for an estimated consideration of $1.675 million.
Feb 02, 2018 06:30 am ET
Jan 15, 2018 04:00 pm ET
MTY Increases its Quarterly Dividend by 30%
MONTREAL, Jan. 15, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants worldwide, announces an increase of 30% of its quarterly dividend payment, which increases from 11.5¢ per share to 15¢ per share. The 15¢ dividend will be payable on February 15, 2018 to shareholders registered in the Company's records at the end of the business day on February 5, 2018.
Jan 03, 2018 06:00 am ET
MTY files restated financial statements for the three and nine-month periods ended August 31, 2017 - Confirms there is no impact on cash flows and business operations
MONTREAL, Jan. 3, 2018 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) today announced that pursuant to the news release published on November 22, 2017, the Company has filed its amended and restated condensed interim consolidated financial statements for the three and nine-month periods ended August 31, 2017 and 2016 (the "Restated Financial Statements") and the corresponding amended and restated management discussion and analysis.
Dec 08, 2017 05:35 pm ET
MTY files restated financial statements for the year ended November 30, 2016 - Confirms there is no impact on cash flows and business operations
MONTREAL, Dec. 8, 2017 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) today announced that pursuant to the news release published on November 22, 2017, the Company has filed its amended and restated consolidated financial statements for the year ended November 30, 2016 (the "Restated Financial Statements") and the corresponding amended and restated management discussion and analysis.
Nov 22, 2017 05:56 am ET
Oct 20, 2017 08:00 am ET
MTY Declares its Quarterly Dividend
TSX Trading Symbol: "MTY"
Oct 10, 2017 08:00 am ET
MTY Reports Results for the Third Quarter of its 2017 Fiscal Period
MONTREAL, Oct. 10, 2017 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, reports today the results of its operations for the third quarter of its 2017 fiscal year.
Sep 29, 2017 04:11 pm ET
Jul 24, 2017 08:00 am ET
MR.SUB Wins the 2017 NPD Consumer Choice Award for Healthy Options
RICHMOND HILL, ON, July 24, 2017 /CNW Telbec/ - At this year's NPD Group's Foodservice Summit held in Toronto, MR.SUB was awarded the NPD Consumer Choice Award for Healthy Options. The NPD Group recognized five top operators in the foodservice category across five categories based on ranking from consumers, using NPD's Customer Satisfaction tool. The online tool measures satisfaction ratings across 21 attributes, open-ended comments and consumer intent to revisit chain restaurants across Canada. These results, along with the best overall improvement year over year in each category compared t
Jul 21, 2017 07:00 am ET
MTY Declares its Quarterly Dividend
TSX Trading Symbol: "MTY"
Jul 10, 2017 07:30 am ET
Jun 09, 2017 06:30 pm ET
Jun 06, 2017 07:30 am ET
TCBY Canada to expand in Cinemas Guzzo
TSX Trading Symbol: "MTY"
May 17, 2017 07:30 am ET
Thaï Express Opens its First Location in the United States
The Asian Quick Service Restaurants Expand U.S. Presence
May 17, 2017 07:30 am ET
Thaï Express Opens its First Location in the United States
The Asian Quick Service Restaurants Expand U.S. Presence
May 08, 2017 06:00 pm ET
May 08, 2017 09:00 am ET
May 03, 2017 07:30 am ET
Thaï Express and Ginger Sushi Boutique announce new Florida area developer
The Asian Quick Service Restaurants Expand U.S. Presence
May 03, 2017 07:30 am ET
Thaï Express and Ginger Sushi Boutique announce new Florida area developer
The Asian Quick Service Restaurants Expand U.S. Presence
May 02, 2017 07:23 pm ET
Apr 20, 2017 07:00 am ET
MTY declares its quarterly dividend
TSX Trading Symbol: "MTY"
Apr 11, 2017 08:00 am ET
Cultures & Villa Madina Restaurants Receive Franchisees' Choice Designation at CFA National Convention
RICHMOND HILL, ON, April 11, 2017 /CNW Telbec/ - Cultures and Villa Madina Restaurants, two (2) brands under MTY Group (TSX: MTY) were honoured as recipients of the Franchisees' Choice designation on April 3, 2017 during a Gala Awards Presentation at the 26th annual Canadian Franchise Association (CFA) National Convention in Niagara Falls, Ontario. This is the seventh year for the annual Franchisees' Choice designation program.
Apr 10, 2017 07:30 am ET
Feb 23, 2017 05:00 pm ET
Jan 24, 2017 06:00 am ET
MTY Declares its Quarterly Dividend
TSX Trading Symbol: "MTY"
Dec 09, 2016 07:00 am ET
Nov 29, 2016 05:00 pm ET
Oct 21, 2016 10:02 am ET
MTY declares its quarterly dividend
TSX Trading Symbol: "MTY"
Oct 12, 2016 06:00 pm ET
Jul 26, 2016 06:00 pm ET
/C O R R E C T I O N from source -- MTY Food Group Inc./
In the news release, MTY Completes the Acquisition of Kahala Brands, Ltd., issued 26-Jul-2016 by MTY Food Group Inc. over CNW and PR Newswire, we are advised by the company that the second paragraph's first sentence should read " The total consideration for the transaction is approximately US$310 million, including US$240 million cash, and remains subject to post-closing working capital adjustments." rather than " The total consideration for the transaction is US$240 million and remains subject to post-closing working capital adjustments. " as originally issued inadvertently. The complete, c
Jul 26, 2016 06:00 pm ET
Jul 21, 2016 09:56 pm ET
Kahala Brands, Ltd. Announces Shareholder Approval For Merger With A Wholly-Owned Subsidiary Of MTY Food Group, Inc.
SCOTTSDALE, Ariz., July 21, 2016 /PRNewswire/ -- Kahala Brands, Ltd.™ ("Kahala Brands") (OTC:KAHL) (www.KahalaBrands.com) announced that the proposed merger with a wholly-owned subsidiary of MTY Food Group, Inc., was approved by the company's shareholders during a special shareholder meeting today. 
Jul 21, 2016 07:00 am ET
MTY Declares its Quarterly Dividend
TSX Trading Symbol: "MTY"
Jul 12, 2016 08:00 am ET
Jul 07, 2016 06:00 pm ET
Jun 02, 2016 07:30 am ET
Madisons NY Grill & Bar Proudly Serves "Certified Humane - Raised & Handled" Beef Free of Hormones, Steroids and Antibiotics
MONTREAL, June 2, 2016 /CNW Telbec/ - On July 1st, 2016, Madisons NY Grill & Bar will become the first Quebec restaurant chain to serve 100% Certified Humane – raised & handled beef, raised without the use of antibiotics, steroids or added hormones.
May 25, 2016 09:20 am ET
IIROC Trade Resumption - MTY
TORONTO, May 25, 2016 /CNW/ - Trading resumes in:
May 25, 2016 09:05 am ET
May 25, 2016 09:04 am ET
IIROC Trading Halt - MTY
TORONTO, May 25, 2016 /CNW/ - The following issues have been halted by IIROC:
May 05, 2016 06:36 pm ET