Welcome to our dedicated page for Meritage Hosp news (Ticker: MHGU), a resource for investors and traders seeking the latest updates and insights on Meritage Hosp stock.
Meritage Hospitality Group Inc. (OTCQX: MHGU) is described in its public communications as one of the nation’s premier franchise restaurant operators, with a large portfolio of Wendy’s restaurants and its proprietary Morning Belle breakfast-brunch concept. The MHGU news feed on Stock Titan aggregates company-issued updates so readers can follow how this multi-state restaurant operator reports on its business.
Meritage regularly releases quarterly and full-year financial results, highlighting trends in sales, earnings from operations, net earnings and EBITDA. These earnings releases often include commentary on restaurant performance, inflation in food, paper and labor, promotional environments in quick-service dining, and the impact of weather-related events or non-recurring charges. Investors tracking MHGU news can review how management describes sales momentum, operating margins and outlook ranges for future periods.
Beyond financial metrics, Meritage news covers restaurant development activity, including openings of new Wendy’s locations, renovations across its U.S. portfolio, and expansion of the Morning Belle concept. The company has also announced initiatives such as the rollout of Wendy’s Fresh AI, a generative AI ordering technology for drive-thru customers, and has discussed its broader operating and technology platform.
Corporate governance and capital allocation topics also appear in Meritage’s news, such as annual meeting results, director elections and quarterly dividend declarations. By following MHGU news, readers can see how the company communicates its growth plans, development pipeline, technology adoption and shareholder-focused actions over time.
Meritage Hospitality Group (OTCQX: MHGU) reported significant financial growth for Q2 2021. Sales rose 21% to $147.3 million, while net earnings increased 31.9% to $8.0 million. Earnings from operations were $8.5 million, reflecting a year-over-year decrease due to prior COVID-related benefits. For the first half, sales reached $281.1 million, up 17.4%. The company anticipates sales growth of 10% to 15% and net earnings growth of 20% to 30% for the full year, amidst ongoing expansion plans, including 15 new Wendy’s locations.
Meritage Hospitality Group Inc. (OTCQX: MHGU) held its Annual Shareholders Meeting, where shareholders elected eight directors for a one-year term. The Board approved a quarterly dividend of $0.08 per share, payable on July 1, 2021. The company reported a fully diluted EPS of $0.56 for Q1, a significant turnaround from a loss of ($0.64) last year. Year-to-date, dividend growth stands at 128%. Looking ahead, Meritage projects sales growth of 10% to 15% and net earnings growth of 20% to 30%, supported by plans to open 20 new locations.
Meritage Hospitality Group Inc. (OTCQX: MHGU) reported strong Q1 2021 results, with sales up 13.6% to a record $133.8 million. Earnings from Operations surged to $6.3 million, compared to a loss last year. Net Earnings reached $4.9 million, a significant turnaround from a $3.7 million loss. Consolidated EBITDA increased 176.2% to $12.4 million. The company anticipates 2021 sales growth of 10% to 15% and plans to issue dividends with a substantial growth of 100% to 125%.
Meritage Hospitality Group (OTCQX: MHGU) announced a special quarterly dividend of $0.08 per share, a 14.3% increase from last year. The dividend will be paid on March 26 to shareholders recorded by March 15, 2021. The company's CEO highlighted strong sales momentum following record 2020 earnings despite pandemic challenges. Meritage plans to open 20 new locations and modernize 30 existing locations in 2021, aiming for sales growth of 10-15% and significant growth across earnings and EBITDA.
Meritage Hospitality Group (OTCQX: MHGU) reported a strong fiscal year ending January 3, 2021, with sales rising 10.4% to $516.2 million. Earnings from Operations increased 21.8% to $25.8 million, and Net Earnings rose 22.4% to $15.8 million. The fourth quarter saw even stronger results, with sales up 15.5% to $140 million and a net income surge of 265.4% to $8.8 million. Looking ahead, the company projects sales growth of 10% to 15% and plans to invest in new locations. The outlook remains optimistic as the recovery from COVID-19 accelerates.
Meritage Hospitality Group (OTCQX: MHGU) reported a strong third quarter for 2020, reflecting a 15.9% increase in sales to $136.6 million compared to the previous year. Earnings from operations rose 40.0% to $8.2 million, while net earnings surged 74.0% to $4.6 million. Consolidated EBITDA also increased 26.5% to $12.8 million. The company reinstated preferred stock dividends effective October 1, 2020. For the nine months, sales increased 8.6% to $376.1 million, although net earnings were $7.0 million, down from $10.5 million due to COVID-19 related expenses. Looking ahead, Meritage aims for ongoing growth through new restaurant developments.