MTY Food Group Inc. Q1 2026 Earnings Recap

MTY.TO Q1 2026 April 10, 2026

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MTY Food Group delivered a resilient first quarter amid challenging macroeconomic conditions, with modest decline in same-store sales offset by digital growth and a robust new store pipeline. Confidence remains high for 2026 net location growth driven by experienced franchisee expansion.

Earnings Per Share Beat

$0.98 vs $0.81 est.

+21.0% surprise

Revenue Miss

267765000 vs 273080000 est.

-1.9% surprise

Market Reaction

1-Day -3.09%

5-Day +1.65%

30-Day +0.33%

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Key Takeaways

Same-store sales declined 2.5% overall, with Canada down 0.8% and U.S. up 3.6%; early Q2 data shows signs of sequential improvement.
Digital sales maintained steady at 23%, growing 3% excluding FX; Canadian digital sales rose 13%, indicating successful digital experience enhancements.
Net store count saw a reduction, but a strong pipeline of nearly 200 stores under construction and increased franchisee-led expansion bode well for 2026 growth.
Normalized EBITDA remained stable at $60.1 million; franchise EBITDA margin improved modestly to 48%.
Net income attributable to owners was $36.9 million ($1.62/share), with free cash flow supporting debt reduction and future investments.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit MTY.TO on AllInvestView.