MTY Food Group Inc Q4 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Anshul Agarwala - National Bank Financial, Inc. - Analyst : This is Anshul in for Vishal Shreedhar. We wanted to touch on your net store openings. I'm wondering if you guys conduct surveys to get a feel of what they think about the MTY offering? And where there opportunities for them to make them more excited to add more stores?

Question: Anshul Agarwala - National Bank Financial, Inc. - Analyst : And I just wanted to see the trends in the ongoing quarter so far, just given the tax holiday in Canada and unfavorable weather across US and Canada as reported by some companies. Just wondering what the impact -- what the trends are for MTY through the quarter so far?

Question: Anshul Agarwala - National Bank Financial, Inc. - Analyst : That's great color. And just finally, I wanted to touch on the topic of tariffs. I wanted to get a sense how much of cross-border sourcing is done that could be impacted by tariffs? And how much leverage does MTY have to limit that impact?

Question: Derek Lessard - TD Cowen - Analyst : I just wanted to get a sense around what you're thinking in terms of your 2025 outlook, I guess, in the context of sort of a difficult macro backdrop still in the competitive environment? And then just maybe as a follow-up as well, kind of your expectations around your 2025 network expansion?

Question: Derek Lessard - TD Cowen - Analyst : Okay. And maybe just on the -- on your US same-store sales growth this year, really strong QSR performance, and even strong on the fast casual side. Just curious if you can maybe add some color to some of the drivers there? And maybe as a follow-up to that, I was curious, does that -- do those stores -- do those same-store sales which include foreign exchange benefits?

Question: Derek Lessard - TD Cowen - Analyst : Okay. That's helpful. And maybe it's a segue into my next question, just around the impairment charge at Papa Murphy's. Just wondering if you can maybe elaborate on that. And in terms of the outlook you're seeing with Papa Murphy's. And I think there was a couple of other -- or you said a dozen or so other brands that were included. So just curious on the -- what you're seeing there. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. FEBRUARY 14, 2025 / 1:30PM, MTY.TO - Q4 2024 MTY Food Group Inc Earnings Call

Question: Anshul Agarwala - National Bank Financial, Inc. - Analyst : I just wanted to touch on your capital allocation priorities as well going forward. If you were able to quantify your NCIB and dividends as well as your outlook for acquisitions in 2025?