Earnings
MTY Food Group Inc. reports second quarter results
July 5, 2012 · 0 Comments
MONTREAL, July 5, 2012 (www.hospitalitybusinessnews.com) – Montreal, MTY Food Group Inc., franchisor and operator of 2,238 quick service restaurants, reports today the operating results for the second quarter of its 2012 fiscal year.
Highlights of the second quarter:
- Earnings per share reach $0.28 representing an increase of 47% over same period last year
- Same store sales growth of 1.88% during the quarter
- System sales grow 37% to $172.2 million
- Cash flows from operations of $7.2 million contribute to liquidities position at quarter end of $21.7 million
- EBITDA surges by 48% to $8.6 million
- Revenues grow to $23.7 million, from $18.6 million in the second quarter of 2011
| In thousands of $ | |||||
| 3 months ended May 31, 2012 |
3 months ended May 31, 2011 |
Variance | |||
| Revenue | 23,689 | 18,629 | 27% | ||
| Operating expenses | 15,057 | 12,383 | 22% | ||
| EBITDA | 8,632 | 5,849 | 48% | ||
| Income before taxes | 7,728 | 4,739 | 63% | ||
| Net income attributable to shareholders | 5,283 | 3,583 | 47% | ||
| Basic and diluted EPS | $0.28 | $0.19 | 47% | ||
| Cash flows from operations | 7,181 | 2,842 | 153% |
By erichertha
Readers Comments (0)
