MTY Food Group reports Q1 profit down on foreign exchange losses, revenue up
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.99/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19.95 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 11/04/2025 (349 days ago), so information in it may no longer be current.
MONTREAL – MTY Food Group Inc. reported its first-quarter profit fell compared with a year ago as it was hit by foreign exchange losses taken primarily on intercompany loans.
The restaurant company behind dozens of brands including Manchu Wok, Thaï Express and Mr. Sub says its net income attributable to owners amounted to $1.7 million or seven cents per diluted share for the quarter ended Feb. 28.
The result compared with a profit of $17.3 million or 71 cents per diluted share in the same quarter a year earlier.
On an adjusted basis, MTY says it earned 87 cents per diluted share compared to an adjusted profit of 69 cents per diluted share in the same quarter last year.
Company revenue totalled $284.8 million, up from $278.6 million, while system sales for the quarter totalled $1.36 billion, up from $1.33 billion a year earlier.
In its outlook, MTY says while momentum is encouraging, it is prepared for potential headwinds as consumers adjust to the impacts of the recently announced tariffs.
This report by The Canadian Press was first published April 11, 2025.
Companies in this story: (TSX:MTY)