MTY Food Group Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.- CEO
- Eric Lefebvre
- Full Time Employees
- 6,868
- Sector
- Consumer Cyclical
- Industry
- Restaurants
- Address
- 8210 Trans-Canada Highway Saint-Laurent QC Canada H4S 1M5
- IPO Date
- Jul 2, 2014
- Website
- mtygroup.com
- Similar Companies
- Business
- MTY Food Group Inc. is a leading franchisor and operator of quick-service, fast casual, and casual dining restaurants under more than 80 banners worldwide; its core offerings include franchise royalties, fees, and sales of goods to franchisees across brands such as Papa Murphy's take-and-bake pizza, Cold Stone Creamery ice cream, Wetzel's Pretzels snacks, Famous Dave's barbecue, Thai Express Asian cuisine, Taco Time Mexican food, Extreme Pita and Mucho Burrito wraps and burritos, Sushi Shop and Yuzu Sushi prepared sushi, Country Style baked goods and coffee, Mr. Sub sandwiches, Pizza Delight and Toujours Mikes Italian fare, Bâton Rouge steakhouse, Scores rotisserie chicken, Ben & Florentine brunch, Sweetfrog frozen yogurt, Sauce Pizza and Wine, and many others including Tiki Ming Chinese, Sukiyaki Japanese, Franx Supreme poutine, Vanelli's pasta, Yogen Früz frozen yogurt, Manchu Wok Asian, Baja Fresh Mexican, and ghost kitchens. The company, founded in 1979 by Stanley Ma and headquartered at 8210 Trans-Canada Highway in St-Laurent, Quebec, operates primarily through two segments—Canadian operations and US & International—with approximately 7,061 locations as of August 2025 (58% US, 35% Canada, 7% international including the Middle East and UK); it also runs food processing plants, distribution centers, and retail product sales under its banners targeting diverse demographics via corporate-owned outlets (about 256 total) and a robust multi-brand strategy emphasizing diversification, synergies, digital sales ($273 million in Q3 fiscal 2025), and supply chain efficiencies. Recent developments include no major acquisitions since the 2022 purchases of BBQ Holdings (adding nine brands like Famous Dave's and 301 locations), Wetzel's Pretzels (367 locations), and Sauce Pizza and Wine, alongside a strategic review exploring a potential sale initiated in November 2025 with TD Bank advising, ERP system rollout (SAP implementation across Canada completed with US underway), menu innovations and loyalty program relaunch at Papa Murphy's, targeted marketing collaborations such as with Mike's Hot Honey, positive net store growth of 15 locations in Q3 fiscal 2025 amid macroeconomic challenges, and long-term debt reductions totaling $65.6 million since Q3 fiscal 2024 while maintaining a debt-to-EBITDA ratio of 2.5x.
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