Papa Murphy’s Shuts Most Company Stores as It Reworks Margins

MTY Food Group Inc. plans to shut down 45 to 50 Papa Murphy’s locations, a move that would leave it with almost no direct company-run sites if the year-end store count stays about the same. The cuts signal MTY is stepping back from running Papa Murphy’s outlets itself, not just trimming its store network.

16 July 2026

Restaurant Industry · TSE:MTY

MTY Food Group (TSE:MTY) to shut 29% of company-owned stores as C$91M gets wiped out

MTY Food Group Inc. said Friday it plans to close 68 company-owned stores in the next nine months after posting lower second-quarter revenue and profit. CEO Eric Lefebvre called it “the right long-term action for the business.”

12 July 2026