MTY Food Group

MTY Food Group is reducing corporate-owned restaurants and reviewing its brand portfolio as Canadian sales stabilize. Mall-based restaurants, breakfast concepts and sushi brands are among the strongest performers, while the company targets renewed growth through franchising.

Beef price fixing scandal investigated, Vancouver's Kerrisdale thrives while nearby areas struggle, retailers leave downtown Edmonton as office workers return, Honest Ed's signage returns to Mirvish Village, Canada's first Toys R Us shutting down, and other news.

MTY Food Group will close 68 corporate locations after a portfolio review, with an estimated $10 million to $12 million cost.

At the end of the fourth quarter of 2025, MTY’s network had 7,080 locations in operation, of which 6,831 were franchised or under operator agreements and 249 were corporate-owned.

MTY reports third-quarter financial results for fiscal 2025 with a net income decline despite revenue growth in operations.

System sales for the quarter increased slightly at $1.5 billion compared to Q2-24, said MTY