MTY Food Group Reports Q3 Non-GAAP EPS of $1.26 and Revenue of $277.7M
MTY Food Group reported third-quarter non-GAAP earnings per share (EPS) of $1.26, with revenue reaching $277.7 million for the period. Although revenue declined by 7.1% year-over-year, it exceeded expectations by $82.58 million. The company closed a total of 74 net stores during the quarter, including 50 closures related to previously announced corporate store reductions. The results highlight strong performance despite ongoing challenges in its restaurant portfolio. While revenue growth was negative compared to last year, the significant beat on estimates suggests resilience and effective cost or operational management strategies may be helping offset some of the headwinds.
