MTY Food Group Inc. (MTY.TO), a Canadian franchisor and operator of casual dining, fast casual, and quick service restaurants, Friday reported net profit of $34.89 million or $1.46 per share for the third quarter, lower than $38.89 million or $1.59 per share in the same quarter a year ago, primarily on lower revenue.
Adjusted earnings before interest, taxes, depreciation, and amortization or adjusted EBITDA declined to $71.78 million from $72.87 million last year.
Excluding one-time items, normalized adjusted EBITDA was 71.9 million, down from 72.93 million a year ago.
Revenue for the quarter decreased to $292.75 million from $298.08 million in the previous year.
The company has declared a quarterly dividend of $0.28 per share, to be paid on November 15 to shareholders of record on November 5.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.