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Meritage Hospitality Group Inc. reports recurring developments in its franchise restaurant operating platform, including quarterly and annual sales, restaurant operating income, net earnings and Consolidated EBITDA. The company’s updates center on its Wendy’s restaurant portfolio, its proprietary Morning Belle breakfast, brunch and lunch concept, and restaurant development, reimaging and closure activity.
Company news also covers operating-margin trends, food, paper and labor cost pressures, menu and beverage innovation, delivery and restaurant technology initiatives, real estate development, strategic acquisitions and capital allocation. Governance updates and shareholder-liquidity discussions appear as part of Meritage’s public-company communications.
Meritage Hospitality Group (OTCQX: MHGU) reported Q1 2026 results: sales $132.6M versus $154.5M year-ago, net loss $9.6M, and consolidated EBITDA $(4.5)M. Results included one-time charges of $4.5M for permanent closures and restructuring. Management reiterated 2026 guidance: $520–530M sales, $35–40M restaurant operating income, and adjusted EBITDA +45–55%. The company is closing select locations (about 60 to date), reduced morning hours in some restaurants, expects ~$10.0M annualized restaurant EBITDA improvement, and is pursuing refinancing and strategic capital partnerships while negotiating adjusted contract terms with lenders and franchisor.
Meritage Hospitality Group (OTCQX: MHGU) reported preliminary 2025 results and gave an initial 2026 outlook. Full-year 2025 sales were $617.7M versus $668.8M in 2024; net loss was $(26.3)M and consolidated EBITDA loss was $(6.8)M. Restaurants in operation declined to 365 from 379. Q4 2025 sales were $145.0M with a Q4 EBITDA loss of $(12.3)M. Management cited record-high prime costs (food, paper, labor) and one-time charges tied to closure of 21 underperforming restaurants.
Initial 2026 outlook calls for sales of $610M–$620M, earnings from operations of $6.0M–$7.0M, EBITDA of $18M–$20M, and ~355 restaurants, with planned cost-savings and product innovation driving margin recovery.
Meritage Hospitality Group (OTCQX: MHGU), a major franchise operator, reported challenging Q2 2025 results with sales declining to $163.5 million from $172.4 million year-over-year. Net earnings decreased significantly to $0.335 million from $3.0 million, while EBITDA fell to $7.5 million from $12.5 million.
The company's proprietary concept, Morning Belle, showed strong performance with a 16.9% same-store sales increase, driven by menu innovations and higher guest frequency. However, six-month results showed broader challenges, with the company reporting a net loss of $(4.0) million compared to $4.6 million profit last year.
Management acknowledged industry-wide challenges but expressed optimism about new Wendy's leadership and strategic initiatives focused on customer engagement and operational simplification.
Meritage Hospitality Group (OTCQX: MHGU) reported Q1 2025 financial results with sales of $154.5 million, down from $162.8 million year-over-year. The company faced operational challenges due to severe weather, resulting in a net loss of $4.3 million compared to $1.6 million profit last year. EBITDA decreased to $2.2 million from $9.9 million.
Despite Q1 challenges, Meritage reaffirmed its 2025 outlook, projecting:
- Sales growth up to 3%
- Earnings from Operations growth of 40-50%
- Net Earnings growth up to 50%
- EBITDA growth up to 15%
- Diluted EPS growth of 20-30%
The company opened three new Wendy's locations in Q1, planning 7-10 more openings this year. Their Morning Belle concept showed strong performance with +21.9% same-store sales growth, with 3-5 new locations planned. Meritage is also implementing Wendy's Fresh AI for automated drive-thru ordering.
Meritage Hospitality Group Inc. (OTCQX: MHGU) announced the sudden passing of Board member Duane Kluting. Kluting, who joined the company in 2005, served as a member of the Audit Committee and brought significant financial expertise from his previous roles at BDO, Herman Miller, and X-Rite.
CEO Robert Schermer acknowledged Kluting's valuable contributions to the company's growth and leadership, highlighting his dedication and trustworthy service during his tenure on the board. Kluting's financial background and commitment to the company's development made him an integral part of Meritage's governance structure.
Meritage Hospitality Group (OTCQX: MHGU) reported mixed financial results for Q4 and full-year 2024. Q4 highlights include: sales up 0.5% to $168.7M, net income surged 227% to $5.2M, and EBITDA increased 40.8% to $13.7M.
Full-year 2024 performance showed: sales slightly down to $668.8M from $672.5M, net earnings up 33.1% to $8.0M, EBITDA growth of 9.0% to $42.4M, and diluted EPS increase of 33.9% to $0.75.
For 2025, despite weather challenges in early months, Meritage forecasts substantial growth:
- Sales growth: +3% to +5%
- Net Earnings growth: +40% to +50%
- EBITDA growth: +15% to +25%
- Diluted EPS growth: +30% to +40%
The company is implementing Wendy's Fresh AI for automated drive-thru ordering and plans to expand with 3-5 new Morning Belle locations in 2025.
Meritage Hospitality Group (OTCQX: MHGU) reported its 2024 preliminary results and 2025 outlook. Q4 2024 showed a 0.5% sales increase to $168.7M, with net income rising 227% to $5.2M. Full-year 2024 results included $668.8M in sales (down from $672.5M), while net earnings increased 33.1% to $8.0M.
The company faced $8.6M in operational and one-time charges related to non-Wendy's restaurant closings. Operating with 379 restaurants across 15 states, Meritage plans 35-40 new and reimaged locations for 2025, including Morning Belle expansion.
The 2025 outlook projects significant growth: 5-10% in sales, 90-100% in operations earnings, 75-85% in net earnings, and 15-25% in EBITDA. The company will implement Wendy's FreshAI drive-thru technology in Q1 2025.
Meritage Hospitality Group Inc. (OTCQX: MHGU) reported its financial results for Q3 and the first nine months of 2024. Q3 highlights include:
- Sales of $164.8 million, down from $170.3 million in Q3 2023
- Earnings from Operations of $0.4 million, compared to $3.2 million last year
- Net Loss of $1.8 million, versus $0.0 million in Q3 2023
- Consolidated EBITDA of $6.3 million, down from $8.1 million
The company noted a one-time, non-cash expense of $1.8 million related to closure and dispositions. For the first nine months of 2024, sales reached $500.1 million, slightly down from $504.6 million in 2023. Meritage operates 381 restaurants and forecasts accelerated sales and margin expansion driven by new Wendy's and Morning Belle restaurants, reimaged locations, and future acquisitions.
Meritage Hospitality Group, a leading franchise operator, released its financial results for Q2 2024, ending June 30. The company's sales reached $172.4 million, slightly down from $176.6 million the previous year. Earnings from operations were $7.1 million, compared to $8.9 million last year. Net earnings stood at $3.4 million, a decrease from $5.9 million. The consolidated EBITDA was $12.9 million versus $15.6 million last year.
CEO Robert E. Schermer, Jr. emphasized improved sales in the latter half of the quarter due to successful Wendy's promotions and new product offerings. He noted improvements in food and labor costs and highlighted the resilience of the Wendy’s brand. For the first half of 2024, sales increased to $335.2 million, and net earnings rose to $5.0 million. Meritage remains committed to expanding its Wendy's stores and enhancing customer experience through strategic investments and operational excellence.
Meritage Hospitality Group (OTCQX: MHGU) announced the results of its Annual Shareholders Meeting and a second-quarter dividend. Shareholders approved the election of six directors for a one-year term. The Board approved a quarterly dividend of $0.06 per share, a 100% increase from last year, payable on July 1, 2024, to shareholders of record on June 15, 2024. CEO Robert E. Schermer, Jr. highlighted improvements in food and labor inflation and projected a positive outlook for the rest of 2024. The company expects sales growth of 4% to 10%, earnings from operations to rise by 45% to 55%, net income to increase by 75% to 85%, and EBITDA to grow by 20% to 30%.