MTY Food (MTY) fell over 10% on its Q2 results, which missed small on revenue after the eleventh straight quarter of negative same-store growth…

… and missed big on profitability, with cost inflation in protein and 5% corporate store margins weighing down the franchise segment.

Management is taking steps to course correct though, announcing the closure of 68 underperforming locations which should be margin accretive…

… but with its strategic review from November still ongoing, investors will need to see financial proof to give MTY a sustained bid.

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