The Company recently reported the opening of its first Taco John’s restaurant, an important milestone in the Company’s 5-year development plan. “This is an exciting new growth opportunity for the Company and its employees, one that we believe will provide long-term growth for investors.
Looking ahead
The Company is forecasting robust growth in 2023, driven by acquired restaurants and newly built locations within the Wendy’s and Taco John’s quick service restaurant brands. Our new and reimaged Wendy’s restaurants continue to provide a strong catalyst for continued sales and earnings growth, which has allowed us to deliver years of profitable growth and shareholder dividends.
The Company’s 5-year, 500 restaurant growth plan includes expanding its Wendy’s operations to the franchise system limit of 400 restaurants, the development of Taco John’s, as well as continued development of Morning Belle, a breakfast-brunch restaurant brand owned by the Company.
SAFE HARBOR STATEMENT
Certain information in this new 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 http://www.meritagehospitality.com.
FOR IMMEDIATE RELEASE
CONTACT:
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