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Papa Murphy's Pizza

Financing

Papa Murphy’s owner has some labor problems

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

Financing

The Pacific Northwest heatwave cooled off Papa Murphy’s sales

Parent company MTY Global said Friday that the chain’s momentum slowed recently amid unprecedented heat.

The take-and-bake pizza chain introduced its first new logo in more than a decade, and its first store redesign since 2014, as its sales rebounded during the pandemic.

Market shifts have helped both chains reverse earlier challenges, offsetting the Canadian company’s struggling mall and office concepts. They now need to keep their sales momentum.

Parties and trick-or-treating may be a no-go this year, but operators are scaring up fun activities and menu items to make up for it.

The Canadian-based brand collector, which operates Cold Stone Creamery and Pinkberry, among many others, has temporarily closed 2,100 locations.

MTY Group said it needs time to address complaints made by a whistleblower, which it deemed “frivolous.”

Get Top 500 data: sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic’s analysis, growth forecast and more.

A shift to convenience, and too much debt, made it tough for the pizza chain to thrive, says RB’s The Bottom Line.

The Canadian brand operator will pay $6.45 per share for the take-and-bake pizza chain.

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