For the 13-week period ending in late May 2026, MTY Food Group Inc., one of the largest franchisors and operators of multiple restaurant concepts worldwide, reported revenue of $279.9 million(Cdn), a decrease of 8.2 percent compared to the same period in 2025. The company notes that the decrease was primarily attributable to lower revenue from corporate stores, which was tightly correlated to a decrease in the number of corporate-owned locations, as well as lower revenue from turnkey projects and the impacts of foreign exchange. System sales for the quarter were $1.4-billion(Cdn), a decrease of 3.5 percent compared to the same period in 2025. At the end of the 13-week period, MTY’s network had 7,040 locations in operation, of which 6,808 were franchised or under operator agreements and 232 were corporate-owned. During the quarter, MTY’s network opened 84 locations and closed 78. “Our second quarter results reflected continued pressure on consumer spending and a challenging operating environment,” said CEO Eric Lefebvre. “Despite these headwinds, our asset-light and diversified model continued to generate strong free cash flow from operations, and we remained focused on executing against our development pipeline, with positive store openings progressing in line with our plans and a strong slate of openings expected through the balance of the year.” He added that following a detailed store-by-store review, the company has made the decision to close 68 underperforming corporate-owned locations over the next nine months. “This is a decisive step to address underperforming assets and improve the overall quality of our corporate store portfolio,” he added. The pipeline of future locations remains strong as MTY continues to see strong demand for its brands. It anticipates an improvement in the pace of openings in the coming quarters and remains confident in its ability to achieve net location growth in the future. The Montreal-based MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally.
MTY Group, 8210 TransCanada Hwy, St Laurent, Quebec H4S 1M5 (514/336-8885 www.mtygroup.com)