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MTY Cuts 68 Stores to Streamline Growth | Toronto News
MTY Food Group is shutting down 68 underperforming corporate restaurants, bleeding over $10 million in losses last year, with a $10–12 million cost to break leases—expected to wrap in 6–9 months. Amid rising costs and consumer spending pressures, the company is pivoting with data-driven menu innovation, local sourcing, and a laser focus on profitability. Despite the closures, MTY’s global footprint of 7,000+ locations is growing—up six in the last quarter—with digital sales hitting 21% of total revenue. This strategic pruning aims to streamline operations, boost long-term resilience, and…
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