This beloved US pizza chain is shutting up to 50 restaurants after losing millions and more closures could follow Papa Murphy restaurant closures: Papa Murphy's parent company, MTY Group, will close up to fifty underperforming corporate locations. These closures are planned over the next six to nine months to improve overall performance. The company identified significant losses from these specific corporate stores and even more closures would follow in… The Economic Times · Jul 13
Popular pizza chain to close 50 underperforming stores after huge losses The targeted group of underperforming restaurants cost the parent company more than $10 million in combined losses over the last year The Independent UK · Jul 13
MTY Food Clocks 18% Revenue Growth In Q1 MTY Food Group Inc (TSX:MTY) (OTC:MTYFF) reported first-quarter FY22 revenue growth of 18.1% year-over-year to C$140.49 million. EPS improved to C$0.68 from C$0.54 in 1Q21. Adjusted EBITDA improved by 9% Y/Y to C$35.64 million, and margin contracted by 207 bps to 25.4%. MTY Food's cash flow from operations totaled C$39.7 million for… Benzinga · Apr 8, 2022