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Investing.com -- MTY Food Group reported third-quarter revenue of C$297.0 million, exceeding analyst expectations of C$291 million and representing a 1.4% increase year-over-year.
The company’s adjusted EBITDA reached C$73.2 million, growing 2% compared to the same period last year and surpassing the C$70 million estimate.
Comparable sales declined 1.6% in the quarter, showing improvement from the 2% decrease reported in the same quarter of the previous year.
Earnings per share came in at C$1.22, down from C$1.46 in the third quarter of 2024.
The company noted a sequential improvement in performance at its larger banners during the third quarter.
Looking ahead, management expects stability in normalized adjusted EBITDA margins across all three segments, though it cautioned that corporate store margins may experience fluctuations similar to those seen this quarter.
MTY Food Group anticipates generating strong free cash flows throughout the remainder of 2025.
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