From GlobeNewswire: 2025-04-18 16:32:00

Meritage Hospitality Group Inc. reported financial results for the first quarter ended March 30, 2025. Sales were $154.5 million, down from $162.8 million last year. Earnings from Operations were $(3.7) million, a decrease from $3.9 million last year. Net Earnings were $(4.3) million, down from $1.6 million last year. The Company plans to open 7-10 new Wendy’s locations and 3-5 Morning Belle locations this year. Sales growth is expected to be up to +3% with other positive outlooks in earnings and EBITDA growth.

Meritage Hospitality Group Inc. experienced a decline in sales and earnings due to severe weather conditions impacting its markets in the first quarter. The Company remains focused on growth, with plans to open new Wendy’s and Morning Belle locations. The Company is committed to leveraging technology to enhance customer experience and drive efficiency in its restaurants. Acquisitions, renovations, and new restaurant development are key components of the Company’s growth strategy. For more information, visit the Company’s website or SEC filings.



Read more at GlobeNewswire: Meritage Reports First Quarter 2025 Results; Reaffirms