Latest news with #MeritageHospitalityGroup
Globe and Mail
4 days ago
- Business
- Globe and Mail
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
Yahoo
4 days ago
- Business
- Yahoo
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 STATEMENTCertain 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. 1012Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Meritage Hospitality Group Inc. (MHGU) Reports Q1 Loss, Tops Revenue Estimates
Meritage Hospitality Group Inc. (MHGU) came out with a quarterly loss of $0.73 per share versus the Zacks Consensus Estimate of a loss of $0.51. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -43.14%. A quarter ago, it was expected that this company would post earnings of $0.58 per share when it actually produced earnings of $0.60, delivering a surprise of 3.45%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Meritage Hospitality Group , which belongs to the Zacks Retail - Restaurants industry, posted revenues of $154.53 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.02%. This compares to year-ago revenues of $162.85 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Meritage Hospitality Group shares have lost about 3.6% since the beginning of the year versus the S&P 500's decline of -0.6%. While Meritage Hospitality Group has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Meritage Hospitality Group: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.54 on $181 million in revenues for the coming quarter and $0.98 on $685.8 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Restaurants is currently in the bottom 18% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Cava Group (CAVA), another stock in the same industry, has yet to report results for the quarter ended March 2025. The results are expected to be released on May 15. This Mediterranean restaurant chain is expected to post quarterly earnings of $0.14 per share in its upcoming report, which represents a year-over-year change of +16.7%. The consensus EPS estimate for the quarter has been revised 4.9% lower over the last 30 days to the current level. Cava Group's revenues are expected to be $330.64 million, up 27.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Meritage Hospitality Group Inc. (MHGU) : Free Stock Analysis Report CAVA Group, Inc. (CAVA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
