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The latest announcement is out from MTY Food Group ( (TSE:MTY) ).
MTY Food Group reported a significant increase in net income for the second quarter of fiscal 2025, with net income attributable to owners rising to $57.3 million compared to $27.3 million in the previous year. Despite a slight decrease in cash flows from operating activities and a decrease in normalized adjusted EBITDA, the company saw a slight increase in system sales. The company is addressing challenges in its Corporate segment by exploring strategic options to enhance long-term profitability, while its Franchise and Retail segments performed better. The U.S. market faced macroeconomic pressures, but Canada showed strong performance, particularly in casual dining, highlighting the resilience of MTY’s brands.
The most recent analyst rating on (TSE:MTY) stock is a Hold with a C$51.00 price target. To see the full list of analyst forecasts on MTY Food Group stock, see the TSE:MTY Stock Forecast page.
Spark’s Take on TSE:MTY Stock
According to Spark, TipRanks’ AI Analyst, TSE:MTY is a Outperform.
MTY Food Group’s overall stock score reflects solid financial health and strategic initiatives like share buybacks, which are positive. However, high valuation metrics and technical indicators suggest caution. The company’s resilience amid challenging conditions and strong digital sales growth are significant positives.
To see Spark’s full report on TSE:MTY stock, click here.
More about MTY Food Group
MTY Food Group Inc. is one of the largest franchisors and operators of multiple restaurant concepts worldwide, focusing on a diversified platform of brands in the restaurant industry.
Average Trading Volume: 45,818
Technical Sentiment Signal: Hold
Current Market Cap: C$1.04B
For a thorough assessment of MTY stock, go to TipRanks’ Stock Analysis page.