MTY Food Group Inc. (T:MTY)
Business Focus: Quick Service Restaurants
| Sector: Consumer Cyclicals | Industry: Restaurants & Bars |
| Company Contact | |
| Address: | 8210 Transcanada Road SAINT-LAURENT QC H4S 1M5 |
| Tel: | 1-514-3368885 |
| Website: | https://mtygroup.com |
| IR: | See website |
| Key People | ||
| Stanley Ma Chairman of the Board, President | Nik Rupp Chief Operating Officer - Papa Murphy'€™s division | Eric Lefebvre Chief Executive Officer, Director |
| Renee St-Onge Chief Financial Officer | Marie-Line Beauchamp Chief Operating Officer - Casual Dining | Marc Benzacar Chief Operating Officer - Fast Casual Division |
| Jason Brading Chief Operating Officer - Quick Service Restaurants | Jeffery Crivello Co-Chief Operating Officer Of BBQ Holdings | Albert Hank Co-Chief Operating Officer Of BBQ Holdings | Adam Lehr Co-Chief Operating Officer Of BBQ Holdings |
| Business Overview |
| MTY Food Group Inc. is a Canada-based franchisor and operator of multiple concepts of restaurants worldwide. The Company's activities consist of franchising and operating the Company-owned locations, as well as the sale of retail products under a multitude of banners. The Company also operates a distribution center and a food-processing plant, both of which are located in the province of Quebec. The Company operates through two segments: Canada, and US & International. The Company operates under various banners, including Papa Murphy's, Cold Stone Creamery, Thai Express, Sweet Frog, Taco Time Us, Sushi Shop, Toujours Mikes, Mucho Burrito, Baton Rouge, Manchu Wok, Baja Fresh, Mr. Sub, Taco Time Ca, Yuzu Sushi, Allo Mon Coco, Pizza Delight, Scores, Ben & Florentine, The Counter, And Planet Smoothie. The Company has approximately 60 brands over 2,400 restaurants in Canada and 40 brands over 4,100 locations in the United States. |
| Financial Overview |
| For the three months ended 29 February 2024, MTY Food Group Inc revenues decreased 3% to C$278.6M. Net income decreased 6% to C$17.3M. Revenues reflect Processing, Distribution and Retail segment decrease of 9% to C$35.7M, Franchise Operations segment decrease of 3% to C$92.6M, Canada segment decrease of 6% to C$88.7M, USA & International segment decrease of 1% to C$190M, Comparable Store Sales Growth Rate - Res decrease from 18.1 to -2.7%. |
| Employees: | 7,326 as of Nov 30, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $2,379M as of Feb 29, 2024 |
| Annual revenue (TTM): | $1,162M as of Feb 29, 2024 |
| EBITDA (TTM): | $267.48M as of Feb 29, 2024 |
| Net annual income (TTM): | $103.00M as of Feb 29, 2024 |
| Free cash flow (TTM): | $145.47M as of Feb 29, 2024 |
| Net Debt Last Fiscal Year: | $1,215M as of Feb 29, 2024 |
| Shares outstanding: | 24,220,161 as of Apr 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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