Review of MTY Food Group

DEC 07, 2023 - The third quarter was solid for MTY, displaying revenue and adjusted EBITDA growth. Although MTY could see a slowdown in growth next year due to economic uncertainty, the long-term potential is there, while fundamentals remain attractive. MTY’s valuation reflects this and on a longer time horizon, this seems like a good risk-reward area. We are maintaining our rating at a B.