RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%
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MTY Food Group’s (TSX: MTY) revenue sees 88% uptick in Q2 supported by acquisitions
Image source: © Allisgood76 | Megapixl.com
Highlights
A franchisor in the quick service and casual dining food industry, MTY Food Group Inc (TSX: MTY) is involved in operating corporate-owned locations and sale of retail products across Canada and the United States.
In the second quarter of the year 2023, the company recorded a massive 88% growth in its revenue to CAD 305.2 million, versus CAD 162.5 million in Q2 2022. As per the company, the high growth in revenue was mainly because of healthy contributions from the recent acquisitions. Also, MTY’s net income jumped to CAD 30.4 million during the reporting period, up 8.9% as compared to CAD 28.7 million in pcp.
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