CA - MTY Food Group GAAP EPS of $0.29 revenue of $241.97M beats by $82.65M
- MTY Food Group press release ( OTCPK:MTYFF ): Q4 GAAP EPS of $0.29.
- Revenue of $241.97M (+65.4% Y/Y) beats by $82.65M .
- In fiscal 2022, cash flows generated by operating activities reached $142.8M compared to $139.3M in 2021.
- As at November 30, 2022, the Company had $59.5M of cash on hand and long-term debt of $561.0M, mainly in the form of bank facilities and promissory notes on acquisitions.
- In the short term, management’s primary focus will continue to be the success of existing locations. More specifically, the teams will assist franchisees to generate sales growth, open new locations of existing concepts and ultimately achieve their profitability objectives. Management will also focus on the integration of the recently acquired brands.
- Management will maintain its focus on maximizing shareholder value by adding new locations of its existing concepts and remains committed to seek potential acquisitions to increase the Company’s market share.
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MTY Food Group GAAP EPS of $0.29, revenue of $241.97M beats by $82.65M