Overview

• MTY Food Group's net income for the third quarter was $34.9 million, down from $38.9 million a year ago.
• Earnings per diluted share fell to $1.46 from $1.59 in the same period last year.
• Revenue slightly decreased to $292.8 million compared to $298 million in the previous year.
• Impairment charges on property and intangible assets were significant contributors to the decline.
• CEO Eric Lefebvre noted that while restructuring efforts show promise, construction and permitting delays hindered new location openings.