
MTY Food Group CEO Eric Lefebvre said 45 to 50 Papa Murphy's stores will close after nearly two years of turnaround efforts failed to deliver results.

MTY Food Group TSE: MTY reported lower second-quarter earnings as softer consumer traffic, inflation in key food categories and weaker corporate-store performance weighed on results, while management

GAAP Measures: Segment profits were $59.9 million during the 13 week period ended May 31, 2026 (the “second quarter”), a decrease of $9.4 million compared to the same period in 2025. Impairment charge