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Provided Content: Content provided by Baystreet. The Globe and Mail was not involved, and material was not reviewed prior to publication.

Stocks in play: MTY Food Group Inc.

Baystreet.ca - Baystreet - Thu Jul 11, 9:00AM CDT

Reported today financial results for the second quarter of fiscal 2024 ended May 31, 2024 and declared a quarterly dividend of 28.0¢ per share, payable on August 15, 2024 to shareholders registered in the Company's records at the end of the business day on August 2, 2024. Normalized adjusted EBITDA decreased 1% to $73.7 million in the quarter, compared to $74.6 million in Q2-23. System sales for the quarter remained relatively stable at $1.5 billion compared to Q2-23. Net income attributable to owners decreased by 10% at $27.3 million, or $1.13 per diluted share compared to $30.4 million, or $1.24 per diluted share in Q2-23. MTY Food Group Inc. shares T.MTY are trading up $3.76 at $46.46.

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