MTY Food Group reports Q2 profit up from year ago samestore sales

Companies in this story: (TSX:MTY) MONTREAL — MTY Food Group Inc. reported a profit of $19.3 million in its latest quarter, up from $16.2 million in the same period last year.The franchisor and operator of a broad range of restaurants says the profit amounted to 76 cents per share for the quarter ended that May 31, up from 64 cents per share a year earlier.Revenue in the company’s second quarter totalled $103.6 million, up from $107.4 million, boosted by an increase in sales and the acquisition of Casa Grecque late last year.MTY said consolidated same-store sales were up 0.6 per cent boosted by a 1.4 per cent improvement in Canada and a 0.6 per cent gain in the U.S.Same-store sales in its international markets were down 9.2 per cent.MTY’s restaurants include shopping mall food court staples such as Thai Express, Vanellis and Manchu Wok, as well as full-service restaurants such as Baton Rouge, Pizza Delight and Scores. The Canadian Press

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