- Business
- MTY Food Group Inc. MTY Food Group Inc. (TSX: MTY) franchises and operates quick-service, fast-casual and casual dining restaurants under more than 80 banners worldwide; core offerings encompass a diverse portfolio of brands including Papa Murphy's take-and-bake pizza, Cold Stone Creamery premium ice cream, Thai Express Asian cuisine, Wetzel's Pretzels gourmet pretzels, Taco Time Mexican-inspired fare, Mucho Burrito fresh Mexican, Sushi Shop prepared sushi, Toujours Mikes casual Italian, Baton Rouge steakhouse dining, Manchu Wok stir-fry specialties, Mr. Sub sandwiches, Yuzu Sushi Japanese fusion, Allô Mon Coco gourmet breakfast and lunch, Pizza Delight family pizza, Scores rotisserie chicken, Ben & Florentine breakfast and brunch, Florentine casual Italian, South St. Burger gourmet burgers, Café Dépôt coffee and pastries, Timothy's World Coffee premium coffee, Mmmuffins muffins and baked goods, SweetFrog frozen yogurt, Pinkberry premium frozen yogurt, Baja Fresh Mexican grill, Famous Dave's barbecue, Planet Smoothie smoothies, BBQ Holdings brands such as Buffalo Wild Wings Go and Fatburger, Sauce Pizza and Wine pizza and pasta, and Kūto Comptoir à Tartares tartare concepts; additional services include food processing plants, distribution centers supplying franchisees with food and equipment, and retail product sales through grocery channels. The company operates approximately 7,061 locations, with 58% in the United States, 35% in Canada and 7% internationally across regions including the Middle East, United Kingdom and Lebanon; it serves diverse customer segments from value-oriented quick-service patrons to casual dining families through corporate-owned outlets (256 locations) and franchised sites (over 6,800). Founded in 1979 by Stanley Ma with the opening of Le Paradis du Pacifique in Montreal offering Chinese and Polynesian cuisine, MTY Food Group Inc. is headquartered at 8210 Trans-Canada Highway in Saint-Laurent, Quebec, Canada. Recent developments include a 2024 restructuring that eliminated senior positions to streamline operations amid industry changes; implementation of an ERP/SAP system across Canadian operations with U.S. rollout underway; positive net store growth of 15 locations in Q3 fiscal 2025 ended August 31, 2025, reaching a record 7,061 units through 96 openings versus 81 closures; digital sales growth to $273 million in the quarter driven by Canadian improvements; marketing collaborations such as with Mike's Hot Honey; relaunch of the Papa Murphy's loyalty program shifting to rewards-based structure; and initiation of a strategic review process in late 2025 exploring a potential sale with assistance from TD Bank while aggressively pursuing acquisitions in a disciplined manner.