MTY Food Group Ends Strategic Review, Raises Dividend

MTY Food Group Inc. announced on October 9, 2026, that it has concluded its strategic review process, which began in November 2025. The company also reported its financial results for the third quarter of fiscal 2026 and declared a 35% increase in its quarterly dividend.

For the 13-week period ended August 30, 2026, MTY Food Group reported segment profits of $59.9 million. Net income attributable to owners was $24.8 million, or $1.08 per diluted share, a decrease from $27.9 million in the same period last year. Normalized adjusted EBITDA stood at $60.8 million, with total revenue at $277.7 million.

The company closed 74 net store locations during the quarter, with 50 of these closures related to the previously announced corporate store rationalization. This initiative reduced the proportion of corporate-owned stores in the network to 2.6% from 3.6% a year prior. Same-store sales decreased by 1.9% overall, with the U.S. segment down 2.7% and the international segment down 9.1%.

CEO Eric Lefebvre stated that the company's diversified and "asset-light" model continues to generate strong free cash flows despite ongoing consumer spending pressures. He noted that the reduction in corporate stores is a strategic move to improve the overall quality of the corporate store portfolio, reduce losses, and focus resources on stronger opportunities. The quarterly dividend was increased to $0.50 per share.