A major pizza chain is preparing to close dozens of restaurants once again as its parent company works to eliminate underperforming locations following what executives describe as a "challenging period" for the business.
The restructuring is part of a broader effort to improve the performance of its corporate-owned restaurants, with the first shutdowns expected to begin during the week of July 13 and continue over the next several months.
The move comes as pizza chains across the industry grapple with higher operating costs, shifting consumer spending, and intense competition. In recent months, brands including Pizza Hut and Papa Johns have also announced significant store closures as they reshape their networks.
Now, another well-known pizza chain is joining a growing list of brands reducing their restaurant footprints.
During MTY Group's second-quarter fiscal 2026 earnings call, CEO Eric Lefebvre said the company plans to close 68 underperforming corporate-owned restaurants over the next six to nine months.
The restructuring is part of a broader effort to improve the performance of its corporate-owned restaurants, with the first shutdowns expected to begin during the week of July 13 and continue over the next several months.
The move comes as pizza chains across the industry grapple with higher operating costs, shifting consumer spending, and intense competition. In recent months, brands including Pizza Hut and Papa Johns have also announced significant store closures as they reshape their networks.
Now, another well-known pizza chain is joining a growing list of brands reducing their restaurant footprints.
During MTY Group's second-quarter fiscal 2026 earnings call, CEO Eric Lefebvre said the company plans to close 68 underperforming corporate-owned restaurants over the next six to nine months.
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