MONTREAL - Restaurant franchisor and operator MTY Food Group Inc. said it plans to close 68 underperforming corporate-owned locations over the next nine months as it reported its second-quarter profit
MONTREAL - Restaurant franchisor and operator MTY Food Group Inc. said it plans to close 68 underperforming corporate-owned locations over the next nine months as it reported its second-quarter profit and revenue fell compared with a year ago.
MTY chief executive Eric Lefebvre says the second-quarter results reflected continued pressure on consumer spending and a challenging operating environment.
The targeted group of underperforming restaurants cost the parent company more than $10 million in combined losses over the last…
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Papa Murphy restaurant closures: Papa Murphy's parent company, MTY Group, will close up to fifty underperforming corporate…
In February, Guzman y Gomez told investors that losses in the US had reached $8 million in the first half of the 2026 financial…
The move also comes after the auto company announced in June 2023 it planned to sell its headquarters in Rochester, New York.
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