MTY Food Group Inc. (MTY)
Company Overview MTY Food Group Inc. (TSX: MTY) franchises and operates quick-service and casual dining restaurants of +80 brands with +6.700 locations in Canada (39%), the United States (54%), and internationally (7%). The company also operates 2 distribution centres and 2 processing plants located in Quebec. It was f ounded in 1979 by Ma Stanley and is headquartered in Saint-Laurent, Canada. In the last 20 years, h as realised 50 acquisitions, i ts market cap is CA$1.3B (Mid Cap). The price range of the last 52 weeks has been CA$72.10 - CA$47. MTY ’s objectives are to generate organic growth while actively seeking good quality earning potential acquisitions. Currently, the company has less than 1% market share in North America and its top 10 brands represent 76% of System Sales ( total net sales of the franchised and corporate restaurants of its network ). The pandemic has affected negatively the company, during the period 2Q20-2Q21 the net location closures account