MTY Food Group profit slips amid drop in fast-food sales at malls and office towers
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The Groupe MTY offices are seen in Montreal on January 23, 2020. THE CANADIAN PRESS/Ryan Remiorz
MONTREAL – MTY Food Group Inc. continued to grapple with the impact of the pandemic in its latest quarter as the drop in fast-food sales at malls and office towers took a bite out of profits.
The restaurant franchisor and operator behind more than 80 brands including food court staples like Thai Express and Tiki-Ming reported a first-quarter profit of $13.4 million on Friday – down from $19 million a year ago.
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