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MTY Food Group Inc.

09:50 AM EST - MTY Food Group Inc. : Reported today its results for the third quarter ended August 31, 2020. Adjusted EBITDA was $43.4 million in the quarter, up 4% compared to Q3-19. Management initiatives resulting in a reduction of recurring controllable expenses were$10.0 million for Q3. Cash flows from operating activities of $38.6 million despite dramatic impact of COVID-19. Net income attributable to shareholders was $22.9 million in the quarter, or $0.93 per share. MTY Food Group Inc. shares T.MTY are trading up $5.10 at $42.48.