Papa Murphy's Pizza

Financing

The owner of Papa Murphy's is putting itself on the market

MTY Food Group, which owns numerous brands including Pinkberry and Wetzel’s Pretzels, acknowledged that it is reviewing strategic alternatives, including a sale of the company.

Financing

Papa Murphy's franchisees are not the chain's biggest problem

The Bottom Line: The CEO of the take-and-bake pizza chain’s parent company MTY Food Group blamed its problems in part on franchisees’ lack of marketing. But the company faces value concerns and competition from grocery stores.

Papa Murphy's continues to close underperforming stores as parent company MTY Food Group works to turn around the struggling pizza chain amid intense competition and declining same-store sales.

Marketing Bites: For years, the take-and-bake pizza chain found success with the deal, until prices crept up. Now, it’s careful not to repeat Subway’s $5 Footlong playbook.

The take-and-bake pizza chain has been closing locations this year. But owner MTY Food Group is still shopping for more brands to buy.

The take-and-bake pizza chain saw a steep drop in sales from customers on SNAP benefits, just as weather and consumer concerns hit restaurants.

The CEO of MTY Food Group said customers expect more from their restaurants. But they’re not demanding more discounts yet.

The take-and-bake pizza chain "closed a lot of stores" last year amid lower franchisee profits. But parent company MTY Food Group says 2023 has started out much better.

The former finance executive will lead the brand under the Canadian brand operator MTY Food Group.

MTY Global says it is delaying openings and closing some restaurants during the week because it cannot find enough workers.

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