'It's a challenge': MTY CEO discusses price hikes, food court business - BNN Bloomberg

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After more than a year of high inflation, MTY Food Group Inc. plans to be careful when deciding on further price increases.

announced second-quarter same-store sales climbed five percent year-over-year.

MTY CEO Eric Lefebvre told BNN Bloomberg his company is happy with the results, but has made it a point to tread carefully when it comes to future price hikes levied on customers. During a conference call with investors earlier in the day, Lefebvre said restaurants have reached a “maturity” when it comes to prices.

With many of MTY’s brands considered food court staples, Lefebvre said his company is still rebounding from the pandemic’s impact on mall traffic.

 

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