MTY Food Group considering full, partial sale

Core Insights - MTY Food Group is considering selling some of its brands, including Papa Murphy's, which has faced challenges in recent quarters [3][7] - The company has closed underperforming locations to focus on markets with growth potential, with recent openings showing strong sales performance [4] - MTY's sales remained stable at $1.5 billion in the third quarter, but same-store sales did not meet management's expectations [5][6] Company Performance - Papa Murphy's has restructured its loyalty program to enhance customer engagement, moving to a simpler points system [5] - Canadian same-store sales were flat, while U.S. same-store sales declined, although some brands like Cold Stone and SweetFrog performed well [6] - The company is experiencing volatility in the U.S. market but sees signs of improvement in Canadian operations [7] Strategic Review - MTY's board has initiated a strategic review of its operations and is exploring various options, including potential sales of parts of the business [7] - The company has a diverse portfolio with over 7,000 locations and has historically focused on acquiring brands [7]