Canadian Same-Store Sales Growth
Canadian same-store sales increased by 1.4%, reflecting broad-based strength across most of MTY's banners, especially those in the casual dining segment.
Digital Sales Expansion
Digital sales grew by 3% this quarter and now represent 21% of total system sales, with concentration in U.S. brands and plans to expand across the network.
Strong Retail Segment Growth
The retail segment grew by 9%, showing substantial growth potential and early success with several products and nascent listings outside Quebec.
Successful ERP Implementation in Canada
MTY completed its ERP implementation in Canada on time and on budget, marking a major milestone for the organization.
Franchising Segment Growth
Franchising segment delivered a growth of 3%, representing MTY's core business strength.
Debt Reduction and Cash Flow Generation
MTY reduced net debt by $32.7 million since November 2024 and continues to generate strong operating and free cash flows.