MTY Reports Second Quarter Results for Fiscal 2026
Globenewswire·2026-07-10 18:00
GAAP Measures: Segment profits were $59.9 million during the 13 week period ended May 31, 2026 (the “second quarter”), a decrease of $9.4 million compared to the same period in 2025.Impairment charge on right-of-use assets of $7.5 million during the 13 week period as a result of management's decision to close 68 of its corporate locations in the coming months.Net income attributable to owners decreased to $15.4 million, or $0.67 per diluted share compared to $57.3 million, or $2.49 per diluted share in Q2-2 ...