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MTY - MTY Food Inc News Story

C$54.08 0.0  0.0%

Last Trade - 14/04/21

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £774.6m
Enterprise Value £1.33bn
Revenue £277.9m
Position in Universe 258th / 2712

BUZZ-MTY Food Group: Falls as Q3 results disappoint

Fri 11th October, 2019 6:43pm
** Shares of the restaurant franchiser  MTY.TO  fall 10.4%
to C$56.70 - lowest in nearly 5 months
    ** Co reports Q3 EPS of C$0.91, missing analysts' estimate
of C$1.02; Rev. of C$163.06 mln also misses estimate of C$167.91
mln - Refinitiv data
    ** EPS misses estimate for the 4th straight quarter
    ** Q3 consolidated same-store sales grew 0.3% - Canada
reported 0.7% growth, U.S. 0.6%  urn:newsml:reuters.com:*:nCNWQrdYCa
    ** We continued to experience negative same-store sales
growth in our stores located outside of North America, however,
the magnitude of the decline has subsided. The decline is
primarily attributable to stores in the Middle East and in Asia
- CEO
    ** Friday's losses erase stock's YTD gains

 (Reporting by Shanti S Nair in Bengaluru)
 ((ShantiS.Nair@thomsonreuters.com))
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