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MTY Food Group Inc
Symbol MTY
Shares Issued 24,706,461
Close 2021-04-28 C$ 53.73
Market Cap C$ 1,327,478,150
Recent Sedar Documents

Globe says prices at MTY, Gildan, Dollarama are rising

2021-04-28 08:20 ET - In the News

Also In the News (C-DOL) Dollarama Inc
Also In the News (C-GIL) Gildan Activewear Inc

The Globe and Mail reports in its Wednesday, April 28, edition that many companies are passing along higher input costs to consumers. The Globe's Matt Lundy writes that several publicly listed companies have said they are raising prices, including Conagra Brands and MTY Food Group. Executives say their input costs have risen sharply. A semiconductor shortage and congested shipping routes have factored into supply-chain disruptions, adding to costs. Those issues will not ease soon, according to the executives. That should add upward pressure to prices. MTY "had to increase [its] prices pretty much across the board, especially in the last two or three months," chief executive officer Eric Lefebvre said on an April 9. "The inflation has been quite abrupt." Several analysts have asked Dollarama about introducing price points of $4.50 and $5 to its stores. Dollarama said it was "not ready yet" on March 31. The Globe says over all, inflation is fairly muted. Gildan Activewear said it could pass costs onto consumers if elevated cotton prices persists. Gildan boss Glenn Chamandy said in February, "If cotton remains at these types of levels, we'll see pricing go up as we move into 2022."

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