MTY Food Group reports a $55.3 million loss, largely due to a write-down on the Papa Murphy's brand.

MTY Food Group, which owns and operates several restaurant brands, reported a fourth-quarter loss of $55.3 million due to a $64.6 million impairment charge on the Papa Murphy's brand, reflecting lower performance and growth expectations. Despite the loss, the company's revenue rose to $284.5 million from $280.0 million the previous year. MTY's portfolio includes brands like Manchu Wok and Mr. Sub.

6 weeks ago
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