The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst
: How you thought that Murphy do this quarter, Eric, on a year-over-year basis? And if I ask you to maybe look at your crystal ball, do you think we've
seen the toughest of the comps in that banner? Or do you maybe think that they're coming off?
Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. And I saw some activity on the corporate stores in the banner. So can you maybe talk a little bit about where we are in terms of selling those
or franchisees those?
Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. That's helpful. I know your commentary about the, I guess, store location that you accelerated a little bit. Can you comment a little bit on the
temporary closed locations? I think there's a smidge over 70 there. So can you talk a little bit about the likelihood, I guess, that those can close over
the near term? Or any commentary there? .
Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. And free cash flow conversion has been jumping around quite a bit, Eric, I guess, in fiscal '20, in fiscal '21. But if you were to look at this year,
how should we think of conversion from, I guess, new added free cash? Is that kind of more normalized? Or anything you can maybe provide there?
Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. Helpful. Just one last one here before I go. On general and M&A, have you noticed the gap between acquisition multiples being kind of in
the U.S. maybe widened more than usual? And maybe as a results or should we expect maybe a higher cadence of smaller deals in Canada? Just
your thoughts there.
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FEBRUARY 17, 2022 / 1:30PM, MTY.TO - Q4 2021 MTY Food Group Inc Earnings Call
Question: Sabahat Khan - RBC Capital Markets, Research Division - Analyst
: Just a commentary earlier around some pricing that you took, I guess, what did you find the net impact of the -- consumers generally accepting a
price in this environment? Or was there any slowdown in traffic at all? Any comments on maybe different trends at banner when you took pricing?
Question: Sabahat Khan - RBC Capital Markets, Research Division - Analyst
: Okay. Great. And then just on the M&A, there's quite a bit of discussion on this earlier, but just in terms of the volume of deals. Is it -- relative to
what you may have expected a little while ago, just because there's just generally less deal activity in the space? Do you think it's because restaurants
are generally faring better coming out of the pandemic than maybe we would have thought? Just your comment on the volume and activity across
North America.
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FEBRUARY 17, 2022 / 1:30PM, MTY.TO - Q4 2021 MTY Food Group Inc Earnings Call
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