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MTY - MTY Food Inc News Story

C$53.81 -0.1  -0.2%

Last Trade - 7:41pm

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £773.1m
Enterprise Value £1.33bn
Revenue £278.2m
Position in Universe 258th / 2712

BUZZ-MTY Food Group: Falls after delaying earnings on whistleblower claims

Fri 14th February, 2020 5:21pm
** Shares of Papa Murphy's pizzeria owner  MTY.TO  fall 7.4%
to C$55.33, set for worst session in four months
    ** MTY delays Q4 results, originally due on Feb. 18,
following whistleblower employee's allegations  urn:newsml:reuters.com:*:nCNW27jMga
    ** Provides no details on allegations but calls them
"baseless and frivolous" 
    ** Shares fell as much as 11.2% earlier in the session,
hitting a three-month low    
    ** MTY has missed profit estimates for four quarters
straight, per Refinitiv IBES data
    ** As of Thursday's close, shares rose 7.6% this year 

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@thomsonreuters.com; within U.S. +1 646
223 8780 (Extn. 3478), outside U.S. +91  80 6182 3478;))
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