Latest news with #Meritage
Business Upturn
6 days ago
- Business
- Business Upturn
Meritage Reports Second Quarter 2025 Results; New Products & Innovation Cycle Ahead
GRAND RAPIDS, Mich., Aug. 12, 2025 (GLOBE NEWSWIRE) — Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation's premier franchise operators, today reported financial results for the second quarter ended June 29, 2025. Second Quarter 2025 Highlights Sales were $163.5 million compared to $172.4 million for the same period last year. Earnings from Operations were $3.0 million compared to $6.7 million for the same period last year. Net Earnings were $0.335 million compared to $3.0 million for the same period last year. Consolidated EBITDA (a non-GAAP measure) was $7.5 million compared to $12.5 million for the same period last year. 'Our second quarter results reflect broader industry dynamics, including shifts in consumer behavior and intensified promotional activity across QSR. While mindful of the macroeconomic environment, we are energized by recent Wendy's leadership changes and fully aligned behind a strategic roadmap focused on knowing our customers better and reaching them more effectively, reducing programming complexity and increasing focus and strong collaboration. These initiatives are designed to unlock greater agility and long-term profitable growth for the brand,' stated Robert E. Schermer, Jr., the Company's CEO. Morning Belle Morning Belle, the Company's proprietary daytime-only concept, serving Breakfast, Brunch and Lunch, reported a same store sales increase of +16.9% in the second quarter as compared to last year. The strong sales growth was driven by seasonal menu introductions, new beverage line up, core-product innovations and higher guest frequency. Six-Month 2025 Highlights Sales for the six months were $318.1 million compared to sales of $335.2 million for the same period last year. Earnings (Loss) from Operations were $(0.7) million compared to $10.6 million for the same period last year. Net Earnings (Loss) were to $(4.0) million compared to $4.6 million for the same period last year. Consolidated EBITDA (a non-GAAP measure) was $9.7 million compared to $22.4 million for the same period last year. Meritage continues to strive for best-in-class operations through a performance-based culture committed to operational excellence, strategic acquisitions, and real estate development. The Company continues to explore strategic opportunities to maximize shareholder value and provide liquidity. About the Company Meritage Hospitality Group is one of the nation's premier restaurant operators, currently with 381 restaurants in operation located in Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, Ohio, Oklahoma, Tennessee, Texas and Virginia. Meritage is headquartered in Grand Rapids, Michigan, operating with a workforce of approximately 12,000 employees. As of June 29, 2025, the Company had fully diluted weighted average common shares outstanding of 6,694,304. The Company's current and publicly available information pursuant to amended SEC Rule 15c2-11 and FINRA Rule 6432 can be found at under the stock symbol MHGU/Disclosures or the Company's website, SAFE HARBOR STATEMENT Certain information in this news release, particularly information regarding future economic performance and finances, and plans, expectations and objectives of management, constitutes forward-looking statements. Factors set forth in our Safe Harbor Statement, in addition to other possible factors not listed, could affect the Company's actual results and cause such results to differ materially from those expressed in forward-looking statements. Please review the Company's Safe Harbor Statement at . CONTACT:Robert E. Schermer, Jr., CEOMeritage Hospitality Group Inc. 616-776-2600 ext. 1012
Yahoo
11-08-2025
- Business
- Yahoo
5 Stocks Ben Graham Might Buy, If He Were Alive Today
August 11, 2025 -- (Maple Hill Syndicate) I wish I had known Benjamin Graham in person. Graham was a hedge-fund manager, Columbia University professor, mentor to Warren Buffett (Trades, Portfolio), author and bon vivant. He's widely considered the father of the value (bargain-hunting) school of investing. Alas, I didn't know Graham, who was born in 1894 and died in 1976. But he lives on in his books, and in the investment philosophies of dozens of money managers (including me). Once a year in this column, I attempt to guess what stocks Graham would pick if he were alive today. The average return on my Graham recommendations, over 22 years, has been 15.1%. That beats the 12.4% average return for the Standard & Poor's 500 Total Return Index over the same years. Bear in mind that my column results are hypothetical and shouldn't be confused with results I obtain for clients. Also, past performance doesn't predict the future. Graham's Method Graham's stock-selection methods are set out in his books and other writings. For this column, I use a simplified version of his criteria. To qualify as a potential Graham stock, a company must have: Debt no more than 50% of corporate net worth. A stock price that is 12 times earnings or less. A stock price that is less than a company' book value (corporate net worth per share). Today very few stocks meet these stringent criteria. I'd like to draw your attention to five of them. Mosaic The Mosaic Co. (NYSE:MOS), based in Tampa, Florida, makes fertilizer, especially potash fertilizer. Its sales fell 5% in the past year, but have averaged 7% growth over the past decade. The stock is cheap, selling for 11 times earnings and 82% of book value. One reason it's cheap is that a lot of potash is imported from Canada, and Canada is slated to face a 25% tariff under the Trump administration's trade plan. Bank OZK From Little Rock, Arkansas, comes Bank OZK (NASDAQ:OZK), a regional bank with big ambitions. A year ago, I included it among my Graham-inspired choices, and it rose 24.8%. The rise surprised many people, since Bank OZK does a lot of commercial real-estate lending, including construction loans. Ever since Covid-19 drove many people out of office buildings five years ago, commercial real estate has been poison. The loan portfolio's make-up scares me a bit, but I have a lot of faith in the bank's chief executive officer, George Gleason. Meritage Just under book value is Meritage Homes Corp. (NYSE:MTH), a mid-sized homebuilding company with headquarters in Scottsdale, Arizona. It builds homes in ten states, most of them in the sun belt. I like that service territory as the South and West is gaining population. Debt is only 36% of equity at Meritage. That should help the company navigate its way through the current downturn in home sales, which is caused mainly by high mortgage rates. Seadrill Sometimes investors love energy stocks, and sometimes they hate them. Seadrill Ltd. (NYSE:SDRL), which does offshore drilling, is untimely. No one wants to drill under the ocean when oil fetches $60 a barrel. So, Seadrill has lost money in eight of the past ten years. Its stock, down 25% this year, sells for less than it did a decade ago. But if oil hits $80 or $90 a barrel, it would be a different story. I expect that to happen in the next three years, and I like this stock at its current valuation of less than six times recent earnings. Nacco Selling for only 67% of book value is Nacco Industries Inc. (NYSE:NC). Based in Cleveland, Ohio, it's a coal mining company that is barely covered by Wall Street analysts. Nacco has shown a profit in 13 of the past 15 years, and had a good year last year. The stock sells for eight times recent earnings. Last Year The past year has been an unpleasant one for the value approach. So, it's not surprising that my Graham-inspired picks from a year ago trailed the overall market. They rose 6.6% while the Standard & Poor's 500 Total Return Index jumped 21.1%. Two stocks -- Unum Group (NYSE:UNM) and Bank OZK (NASDAQ:OZK) did well, returning 33% and 25% respectively. But G-III Apparel Group Ltd. (NASDAQ:GIII) and HF Sinclair Corp. (NYSE:DINO) had small losses, and Peabody Energy Corp. (NYSE:BTU) shed 22% of its value. In 22 years, my Graham stocks have beaten the index 14 times, and shown a profit 15 times. Disclosure: I own Meritage Homes personally and for most of my clients. John Dorfman is chairman of Dorfman Value Investments LLC in Boston, Massachusetts, and a syndicated columnist. His firm or clients may own or trade securities discussed in this column. He can be reached at jdorfman@ This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
Meritage Homes Announces Quarterly Cash Dividend
SCOTTSDALE, Ariz., May 22, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, 'Meritage' or the 'Company'), the fifth-largest homebuilder in the U.S., today announced that its Board of Directors has declared a quarterly dividend of $0.43 per share. This dividend is payable on June 30, 2025 to shareholders of record as of the close of trading on June 16, 2025. About Meritage Homes Corporation Meritage is the fifth-largest public homebuilder in the United States, based on homes closed in 2024. The Company offers energy-efficient and affordable entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Utah, Tennessee, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, and South Carolina. Meritage has delivered almost 200,000 homes in its 40-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is an industry leader in energy-efficient homebuilding, an eleven-time recipient of the U.S. Environmental Protection Agency's (EPA) ENERGY STAR® Partner of the Year for Sustained Excellence Award and Residential New Construction Market Leader Award, as well as a four-time recipient of the EPA's Indoor airPLUS Leader Award. For more information, visit Contacts: Emily Tadano, VP Investor Relations and External Communications (480) 515-8979 (office) investors@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Meritage Homes Extends Partnership with Operation Homefront, Donating Two Mortgage-Free Homes to Military Families in Colorado and North Carolina
The homebuilder's 12th year partnering with Operation Homefront's Permanent Homes for Veterans program SCOTTSDALE, Ariz., May 20, 2025 (GLOBE NEWSWIRE) -- Meritage Homes has extended its partnership with Operation Homefront's Permanent Homes for Veterans Program to donate two brand new, mortgage-free homes for veteran families in Colorado Springs, Colorado and Raleigh, North Carolina. This marks the Company's 12th year partnering with the organization and 22 total donations to date. 'We are honored to deliver new homes to deserving military families who have given so much to our country. It's a privilege for us to help them achieve a fresh start to a new future and build roots in their communities,' shares Phillippe Lord, CEO of Meritage Homes. 'Thank you to our employees and trade partners for their time and effort. We're proud to continue our long-standing partnership with Operation Homefront and look forward to welcoming this year's recipients into their new, mortgage-free Meritage homes.' The new homes will be in the Lorson Ranch community located in Colorado Springs, CO and in the River Glen community in Angier, NC. Both homes offer an open-concept floorplan with designer-curated interiors and energy-efficient features, including ENERGY STAR® appliances, a multispeed HVAC system, and spray-foam insulation. Each house is also outfitted with a smart home suite that gives homeowners the ability to set the thermostat, control security devices and more through a convenient app. This year's recipients will be announced in September and presented the keys at ceremonies in November around Veterans Day. 'We are grateful for Meritage Homes' unwavering commitment to our mission to build strong, stable and secure military families,' said Rear Adm. Alan Reyes, US Navy (Ret.), Operation Homefront President & CEO. 'Each family receives more than a house, they are being given a place to call home, where they can gather to establish new traditions, create beautiful memories and realize life-changing dreams with generational impact.' For more information about the Meritage's partnership with Operation Homefront, please visit: About Meritage Homes Corporation: Meritage is the fifth-largest public homebuilder in the United States, based on homes closed in 2024. The Company offers energy-efficient and affordable entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Utah, Tennessee, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, and South Carolina. Meritage has delivered almost 200,000 homes in its 40-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is an industry leader in energy-efficient homebuilding, an eleven-time recipient of the U.S. Environmental Protection Agency's (EPA) ENERGY STAR® Partner of the Year for Sustained Excellence Award and Residential New Construction Market Leader Award, as well as a four-time recipient of the EPA's Indoor airPLUS Leader Award. For more information, visit About Operation Homefront: Operation Homefront is a national nonprofit organization whose mission is to build strong, stable, and secure military families so that they can thrive – not simply struggle to get by – in the communities they have worked so hard to protect. Recognized for superior performance by leading independent charity oversight groups, 83 percent of Operation Homefront expenditures go directly to programs that support tens of thousands of military families each year. Operation Homefront provides critical financial assistance, transitional and permanent housing, and family support services to prevent short-term needs from turning into chronic, long-term struggles. Thanks to the generosity of our donors and the support from thousands of volunteers, Operation Homefront proudly serves America's military families. For more information, visit Contact:Emily Tadano, VP Investor Relations and External Communications (480) 515-8979 media@
