Papa Murphy’s parent company under strategic review

Core Viewpoint - MTY Food Group is undergoing a strategic review to explore options for enhancing shareholder value, including a potential sale of the company [1][2]. Company Overview - MTY Food Group, founded in 1979, is a publicly traded restaurant holding company on the Toronto Stock Exchange since 2010, operating approximately 7,000 restaurants globally with sales of about $5.6 billion [3]. - The company manages 90 brands across various segments, including well-known names like Papa Murphy's, TacoTime, and Cold Stone Creamery [3]. Recent Performance - In the latest quarter, MTY Food Group reported a 2% decline in both sales and same-store sales [4]. - The company's largest brand, Papa Murphy's, has faced challenges, closing nearly 7% of its locations year-over-year in 2024, with a 4% decline in sales [4]. - Since acquiring Papa Murphy's in 2019, the brand has seen a 2.5% decline in sales and a 21.1% reduction in unit count, although average unit volumes increased by 26.1% to $695,000 by the end of 2024 [4].