MTY Food Group reports quarterly profit up as acquisitions help revenue more than double

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MTY Food Group reports quarterly profit up as acquisitions help revenue more than double
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MTY Food Group says its profit amounted to 75 cents per diluted share for the quarter ended Feb. 28, up from 68 cents per diluted share a year earlier

reported a first-quarter profit of $18.4-million, up from $16.6-million a year earlier, as acquisitions helped its revenue to more than double.

Revenue at MTY totalled $286.0-million for the quarter, up from $140.5-million in the same quarter last year, while system sales totalled a record $1.36-billion, up from $885.7-million.

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