Restaurant company MTY Food Group reports Q2 profit down from year ago

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MTY Food Group Inc. News

Diluted Share

MONTREAL — MTY Food Group Inc. reported its second-quarter profit fell 10 per cent compared with a year ago as its sales edged lower.

The restaurant franchisor and operator reported $27.3 million in net income attributable to owners or $1.13 per diluted share for the quarter ended May 31.

MTY says the year-over-year decline could mainly be attributed to impairment charges on property, plant and equipment and intangibles assets.Costco Hikes Annual Membership Fee for First Time Since 2017 Kevin O'Leary says court ruling will have 'major impact' on energy sector — how to get in on the actionThis 8% Dividend Stock Pays Cash Every Month

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