Common Stock Special Dividend:
Following the Annual Shareholders Meeting, the Company’s Board of Directors approved a quarterly dividend of
“Our earnings from operations outlook remains healthy for the second half of the year with the food and labor inflation improvements that we have been experiencing. We are focused on balancing restaurants sales and operations with the development obligations and opportunities of new Wendy’s and Morning Belle restaurants,” stated
2024 Outlook: Earnings Growth Ahead
- Sales +5% to +10%
- Earnings from Operations. +65% to +75%
- Net Income +145% to +155%
- EBITDA +30% to + 40%
The Company is focused on delivering quality, convenience, and affordability while leveraging its best-in-class restaurant operating platform throughout
About the Company:
As of
The Company’s current and publicly available information pursuant to SEC Rule 15c2-11 and FINRA Rule 6432 can be found at www.otcmarkets.com, under the stock symbol MHGU/Disclosures or the Company’s website, www.meritagehospitality.com.
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.
CONTACT:
(616) 776-2600
Source:
2024 GlobeNewswire, Inc., source