MTY Food says industry outlook improving as Q2 revenue beats estimates

MTY Food

09/07/2021 15:57

** Shares of restaurant operator and franchiser MTY Food
Group Inc  MTY.TO  rise as much 16.6% to C$63.26, their highest
since Oct. 10, 2019
    ** MTY posts Q2 revenue of C$135.8 mln, beating analysts'
estimates of C$121 mln - Refinitiv IBES data  urn:newsml:reuters.com:*:nCNW9qxVPa
    ** Co restores quarterly dividend, saying it will pay an
amount of C$0.185/share on Aug. 13
    ** Says adj. EBITDA for the quarter more than doubled over
last year to C$43.5 mln despite the lingering impact of the
pandemic, making it one of "best quarters ever"
    ** "The outlook for the industry is clearly improving as
government restrictions abate at various speeds" - CEO Eric
Lefebvre
    ** MTY up 6.6% so far this year

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))