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MTY Food Group Inc. (MTY.TO)

MTY.TO on Toronto Stock Exchange

71.04CAD
13 Nov 2018
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Latest Key Developments (Source: Significant Developments)

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

MTY Reports Q4 Earnings Per Share C$0.91
Friday, 16 Feb 2018 

Feb 15 (Reuters) - Mty Food Group Inc ::MTY REPORTS RESULTS FOR THE FOURTH QUARTER OF ITS 2017 FISCAL PERIOD.Q4 SAME STORE SALES ROSE 1.2 PERCENT.Q4 EARNINGS PER SHARE C$0.91.QTRLY ‍REVENUES OF $69.7 MILLION, UP 3%​.‍DURING QUARTER, 264 LOCATIONS HAD TO TEMPORARILY CLOSE BECAUSE OF HURRICANES HARVEY AND IRMA, 4 OF WHICH REMAIN CLOSED ON FEB 15.‍SYSTEM SALES FOR Q4 GREW BY 2% IN COMPARISON TO SAME PERIOD LAST YEAR TO REACH $544.2 MILLION​.  Full Article

MTY Signs Agreement To Buy Assets Of Timothy's World Coffee And Mmmuffins
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - Mty Food Group Inc ::MTY ENTERS INTO AN AGREEMENT TO ACQUIRE THE ASSETS OF TIMOTHY'S WORLD COFFEE AND MMMUFFINS.MTY FOOD GROUP INC - DEAL FOR ESTIMATED CONSIDERATION OF $1.675 MILLION..  Full Article

MTY Food Group Increases Its Quarterly Dividend By 30%
Monday, 15 Jan 2018 

Jan 15 (Reuters) - MTY Food Group Inc ::MTY INCREASES ITS QUARTERLY DIVIDEND BY 30%.MTY FOOD GROUP INC - ‍ANNOUNCES AN INCREASE OF 30% OF ITS QUARTERLY DIVIDEND PAYMENT, WHICH INCREASES FROM 11.5¢ PER SHARE TO 15¢ PER SHARE​.  Full Article

MTY Files Restated Financial Statements For The Three And Nine-Month Periods Ended August 31, 2017
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - MTY Food Group Inc ::MTY FILES RESTATED FINANCIAL STATEMENTS FOR THE THREE AND NINE-MONTH PERIODS ENDED AUGUST 31, 2017 - CONFIRMS THERE IS NO IMPACT ON CASH FLOWS AND BUSINESS OPERATIONS.MTY FOOD GROUP INC - ‍FILED ITS AMENDED,RESTATED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR 3,9-MONTH PERIODS ENDED AUGUST 31, 2017 AND 2016​.  Full Article

ADW Capital Partners Says Proposed Sale Of Imvescor Restaurant Group Substantially Undervalues The Company
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - ADW Capital Partners L.P.::ADW CAPITAL PARTNERS L.P. BELIEVES THE PROPOSED SALE OF IMVESCOR RESTAURANT GROUP INC. SUBSTANTIALLY UNDERVALUES THE COMPANY.ADW CAPITAL PARTNERS LP - ADW CAPITAL ALONG WITH ITS AFFILIATES HOLD APPROXIMATELY 14% OF IMVESCOR RESTAURANT GROUP ON A NON-DILUTED BASIS.ADW CAPITAL PARTNERS L.P. SAYS DO NOT INTEND TO SUPPORT CURRENT TRANSACTION WITH MTY FOOD GROUP "AT THIS LEVEL".  Full Article

MTY announces intention to restate its financial statements and management discussion and analysis
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - MTY Food Group Inc :MTY announces its intention to restate its financial statements and management discussion and analysis.MTY Food Group Inc - ‍intends to restate its consolidated financial statements for year ended Nov 2016 and 3 and 9-month period ended August 31, 2017​.MTY Food Group -‍determined methodology used to calculate fair value of liability related to Kahala Gift Cards at time of acquisition was inappropriate​.MTY Food - ‍restatement of financial statements has no impact on past, current, future cash flows of MTY and in no way affects co's business operations​.  Full Article