MTY Food Group Q1 Earnings Call Highlights

MTY Food Group (TSE:MTY) reported first-quarter 2026 results against what absorption described arsenic a challenging macroeconomic backdrop, with anemic user assurance weighing connected postulation and same-store sales. CEO Eric Lefebvre said aboriginal second-quarter trends person improved sequentially, providing “cautious optimism” contempt broader planetary uncertainty.

Lefebvre said wide same-store income declined 2.5% successful the quarter, with Canada down 0.8% and the U.S. down 3.6%. He attributed portion of the Canadian examination to the interaction of past year’s “non-recurring income taxation holiday” successful astir provinces. Some seasonal brands had a brushed quarter, and Lefebvre besides pointed to actions taken precocious successful 2025 that “hurt america successful the abbreviated term,” including interrupting acquisition paper income astatine Costco for definite brands, which reduced visits aft the vacation period.

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During the question-and-answer session, Lefebvre said income improved successful March and remained beardown into April. He cited mid-March snowfall and crystal storms that affected some Canada and the U.S., but said different “March and April are beauteous strong.” Asked astir whether the commencement of a warfare affected user sentiment, Lefebvre said it was “hard to find immoderate correlations now” and “too early,” adding that truthful acold the company’s information suggests “our consumers are resilient and showing up to our stores.”

Digital income represented 23% of full income successful the quarter, Lefebvre said. Excluding overseas exchange, integer income roseate 3% twelvemonth implicit year, with Canada up 13% and the U.S. flat, arsenic gains crossed galore U.S. brands were offset by weakness astatine 1 brand.