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MTY Food Group Inc. (MTY.TO)

MTY.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

MTY Enters Into Agreement To Acquire The Assets Of Yuzu Sushi
Thursday, 6 Jun 2019 

June 6 (Reuters) - MTY Food Group Inc ::MTY ENTERS INTO AN AGREEMENT TO ACQUIRE THE ASSETS OF YUZU SUSHI.MTY FOOD GROUP INC - TOTAL CONSIDERATION FOR TRANSACTION WILL BE FINANCED USING MTY'S CASH ON HAND AND EXISTING CREDIT FACILITIES..MTY FOOD GROUP - TRANSACTION SHOULD BE FINALIZED WITHIN NEXT 45 DAYS BUT REMAINS SUBJECT TO SEVERAL CUSTOMARY CONDITIONS.  Full Article

MTY Food Group Enters Into Agreement To Buy Assets Of Allô! Mon Coco
Tuesday, 30 Apr 2019 

April 30 (Reuters) - MTY Food Group Inc ::MTY ENTERS INTO AN AGREEMENT TO ACQUIRE THE ASSETS OF ALLÔ! MON COCO.MTY FOOD GROUP INC - TOTAL CONSIDERATION FOR TRANSACTION WILL BE FINANCED USING MTY'S CASH ON HAND AND EXISTING CREDIT FACILITIES..MTY FOOD GROUP INC - ASSETS ACQUIRED INCLUDE TRADEMARK FOR WORLD EXCEPT USA.MTY FOOD GROUP INC - MTY OBTAINS A RIGHT OF FIRST REFUSAL SHOULD OWNERS OF TRADEMARK FOR USA DECIDE TO DISPOSE OF IT IN FUTURE.MTY FOOD GROUP INC - CURRENT PRESIDENT OF ALLÔ! MON COCO, TOM BOUNTIS, WILL BE STAYING WITH MTY FOR A PERIOD OF AT LEAST 12 MONTHS.  Full Article

MTY Food Group Inc And Papa Murphy's Holdings Inc To Merge
Thursday, 11 Apr 2019 

April 11 (Reuters) - Papa Murphy's Holdings Inc ::MTY FOOD GROUP INC. AND PAPA MURPHY'S HOLDINGS, INC. ANNOUNCE DEFINITIVE MERGER AGREEMENT.MTY FOOD GROUP INC - TOTAL TRANSACTION VALUE OF APPROXIMATELY US$190.0 MILLION (C$253.2 MILLION).MTY FOOD GROUP INC - DEAL FOR CASH CONSIDERATION OF US$6.45 PER SHARE.MTY FOOD GROUP INC - TRANSACTION IS NOT SUBJECT TO ANY FINANCING CONDITION AND CONSIDERATION WILL BE 100% FUNDED IN CASH.MTY FOOD GROUP INC - TERMS AND CONDITIONS OF MERGER AGREEMENT WERE UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES.MTY FOOD GROUP INC - MTY WILL USE ITS CASH ON HAND AND ITS EXISTING CREDIT FACILITY TO FUND CASH CONSIDERATION.MTY FOOD GROUP INC - DEAL EXPECTED TO BE IMMEDIATELY ACCRETIVE TO MTY'S EBITDA AND CASH FLOW PER SHARE.MTY FOOD GROUP INC - MTY WILL USE ITS CASH ON HAND AND ITS EXISTING CREDIT FACILITY TO REPAY PAPA MURPHY'S NET DEBT.MTY FOOD GROUP INC - SUBSIDIARY OF MTY WILL COMMENCE A TENDER OFFER TO PURCHASE ALL OF OUTSTANDING SHARES OF PAPA MURPHY'S COMMON STOCK.MTY - PAPA MURPHY'S AGREED IT WILL NOT SOLICIT OR INITIATE DISCUSSIONS REGARDING ANY OTHER BUSINESS COMBINATION OR SALE OF MATERIAL ASSETS.MTY FOOD GROUP INC - TRANSACTION PROVIDES FOR A TERMINATION FEE OF APPROXIMATELY US$5.7 MILLION PAYABLE BY PAPA MURPHY'S TO MTY IN CERTAIN CIRCUMSTANCES.  Full Article

MTY Q1 Earnings Per Share C$0.59
Thursday, 11 Apr 2019 

April 11 (Reuters) - MTY Food Group Inc ::MTY REPORTS FIRST QUARTER RESULTS.Q1 EARNINGS PER SHARE C$0.59.Q1 SALES ROSE 27 PERCENT TO C$687.8 MILLION.FOR FISCAL 2019, WE EXPECT ONGOING COMPETITION AND INCREASED VOLATILITY IN EARNINGS,.Q1 SAME STORE SALES FELL 1.4 PERCENT.FOR FISCAL 2019, SEES UNPREDICTABLE WEATHER CONDITIONS AND VARIATIONS IN PRICE OF COMMODITIES AND CURRENCIES.QTRLY DILUTED EPS C$0.58.MTY FOOD GROUP - QTRLY SAME-STORE SALES IN UNITED STATES SAW A DECLINE AS A RESULT OF IMPACT OF ADVERSE WEATHER ON FROZEN TREATS SEGMENT.  Full Article

MTY Food Group - 2018 Fourth Quarter Sales C$707.4 Million
Friday, 15 Feb 2019 

Feb 15 (Reuters) - MTY Food Group Inc ::MTY REPORTS 2018 FOURTH QUARTER AND ANNUAL RESULTS.Q4 SALES C$707.4 MILLION.Q4 REVENUE ESTIMATE C$86.9 MILLION -- REFINITIV IBES DATA.QTRLY EPS DILUTED $0.34.FOR FISCAL 2019, EXPECT ONGOING COMPETITION AND INCREASED VOLATILITY IN EARNINGS.Q4 EARNINGS PER SHARE VIEW C$0.73 -- REFINITIV IBES DATA.  Full Article

MTY Increases Its Quarterly Dividend By 10Pct
Monday, 21 Jan 2019 

Jan 21 (Reuters) - MTY Food Group Inc ::MTY INCREASES ITS QUARTERLY DIVIDEND BY 10PCT.MTY INCREASES ITS QUARTERLY DIVIDEND BY 10PCT.MTY FOOD GROUP INC - INCREASE OF 10PCT OF QUARTERLY DIVIDEND PAYMENT, WHICH INCREASES FROM 15¢ PER SHARE TO 16.5¢ PER SHARE.  Full Article

MTY Enters An Agreement To Acquire Casa Grecque
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - MTY Food Group Inc ::MTY ENTERS INTO AN AGREEMENT TO ACQUIRE CASA GRECQUE.MTY FOOD GROUP INC - TOTAL CONSIDERATION FOR TRANSACTION IS EXPECTED TO BE APPROXIMATELY $19.5 MILLION PLUS VALUE OF INVENTORY AT CLOSING.MTY FOOD GROUP INC - TOTAL CONSIDERATION FOR TRANSACTION WILL BE FINANCED USING MTY'S CASH ON HAND AND EXISTING CREDIT FACILITIES.  Full Article

Mty Reports 2018 Third Quarter Results
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - MTY Food Group Inc ::MTY REPORTS 2018 THIRD QUARTER RESULTS.Q3 EARNINGS PER SHARE C$0.88.Q3 EARNINGS PER SHARE VIEW C$0.73 -- THOMSON REUTERS I/B/E/S.Q3 REVENUE C$91.2 MILLION VERSUS I/B/E/S VIEW C$89.2 MILLION.QTRLY SYSTEM SALES WERE UP 24 PCT COMPARED TO 2017, REACHING $787.9 MILLION.QTRLY SAME STORE SALES WERE SLIGHTLY POSITIVE COMPARED TO SAME PERIOD LAST YEAR.SAME STORE SALES FOR IMVESCOR RESTAURANTS, WHICH ARE NOT INCLUDED IN CONSOLIDATED SAME STORE SALES, HAVE GROWN BY 0.7 PCT IN Q3.  Full Article

Imvescor Shareholders Approve Previously Announced Amalgamation
Monday, 19 Feb 2018 

Feb 19 (Reuters) - Imvescor Restaurant Group Inc ::IMVESCOR SHAREHOLDERS APPROVE PREVIOUSLY ANNOUNCED AMALGAMATION.IMVESCOR RESTAURANT GROUP INC - ‍ AMALGAMATION RESOLUTION APPROVED BY 92.73 PERCENT OF 40.1 MILLION VOTES CAST.  Full Article

MTY's Unit To Acquire Assets Of Grabbagreen Franchise System
Monday, 19 Feb 2018 

Feb 19 (Reuters) - MTY Food Group Inc ::MTY ENTERS INTO AN AGREEMENT TO ACQUIRE THE ASSETS OF GRABBAGREEN.MTY FOOD GROUP INC - DEAL FOR AN ESTIMATED CONSIDERATION OF USD $2.75 MILLION.MTY FOOD GROUP INC - ONE OF CO'S WHOLLY-OWNED SUBSIDIARIES HAS SIGNED AN AGREEMENT TO ACQUIRE ASSETS OF GRABBAGREEN FRANCHISE SYSTEM.  Full Article