01:55:03 EDT Sat 19 Jul 2025
Enter Symbol
or Name
USA
CA



MTY Food Group Inc
Symbol MTY
Shares Issued 22,846,361
Close 2025-07-14 C$ 40.64
Market Cap C$ 928,476,111
Recent Sedar Documents

Globe/CP say MTY CEO sees a more resilient Cdn market

2025-07-14 07:52 ET - In the News

The Globe and Mail reports in its Saturday, July 12, edition that chief executive officer Eric Lefebvre of MTY Food Group notes that while Canadian fast-food diners are resilient against tariffs and pricing pressures, U.S. counterparts are struggling. A Canadian Press dispatch to The Globe reports that MTY operates 7,046 restaurants across brands like Mr. Sub and Manchu Wok, highlighting a stark contrast between the two regions in its latest quarter. On Friday Mr. Lefebvre said, "U.S. consumers have been particularly affected by economic uncertainty, which is being reflected in our results and that of the broader restaurant industry." Mr. Lefebvre is uncertain about why there is a divergence between the two countries. Both have encountered threats of tariffs, and both have companies cautioning that any escalation in tensions could lead to a significant increase in prices. Mr. Lefebvre believes that the difference in volatility affecting his U.S. business compared with Canada may be linked to his company's recent history. Mr. Lefebvre said, "Canada has shown a more stable upward trend, while the U.S. is likely experiencing a pause after many years of strong performance."

© 2025 Canjex Publishing Ltd. All rights reserved.