Papa Murphy’s is headed for more closures. Parent company MTY Food Group told investors during the company’s Q2 earnings call that it expects to shutter 68 underperforming corporately owned restaurants over the next nine months. Of those, between 45 and 50 stores will be Papa Murphy’s locations. Most of the shutdowns will occur in the […]

MTY Food Group CEO Eric Lefebvre said the pizza category is challenged by a heavy promotional environment and lack of consumer loyalty.

The announcement from parent company MTY Food Group follows recent waves of restaurant closures from Pizza Hut and Papa John’s.

Analysts at RBC Capital Markets and TD Securities lowered their price targets on MTY Food Group (MTY

MTY Food Group Inc. ( TSE:MTY ), is not the largest company out there, but it received a lot of attention from a...

Parent company MTY Group acquired about 50 underperforming locations from franchisees last year and their turnaround is ‘more complicated than anticipated’

MTY Food Group (TSE:MTY) reported first-quarter 2026 results against what management described as a challenging macroeconomic backdrop, with weak consumer confidence weighing on traffic and same-store sales. CEO Eric Lefebvre said early second-quarter trends have improved sequentially, providing “ca