Mty Food Group ( (MTYFF) ) has released its Q3 earnings. Here is a breakdown of the information Mty Food Group presented to its investors.
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MTY Food Group Inc., a leading franchisor and operator of multiple restaurant concepts worldwide, has reported its third-quarter financial results for fiscal 2025, showcasing its extensive presence in the quick-service, fast casual, and casual dining sectors.
In the third quarter of 2025, MTY Food Group experienced a mixed financial performance. While segment profits increased by 2% to $73.2 million, net income attributable to owners saw a decline to $27.9 million from $34.9 million in the same quarter of the previous year. The company also reported a decrease in cash flows from operating activities, which fell to $39.0 million, primarily due to timing issues related to accounts receivable and higher income taxes.
Key performance indicators showed a positive trend, with normalized adjusted EBITDA rising by 3% to $74.0 million. The company achieved net store openings of 15 locations, reversing the trend of closures from the previous year. System sales remained steady at $1.5 billion, while same-store sales showed a slight improvement, declining by 1.6% compared to a 1.9% decline in the previous quarter. Additionally, MTY made significant long-term debt repayments amounting to $30.4 million.
Looking ahead, MTY Food Group remains optimistic about its growth prospects despite ongoing macroeconomic challenges. The company is focused on executing strategic initiatives to strengthen its position, including driving menu innovation, enhancing customer experiences, and expanding its store network. Management expects continued demand for its brands and anticipates an improvement in the pace of store openings in the coming quarters.