Meritage Reports 2013 Year to Date and Third Quarter Results; Continued Strong Sales and Earnings Growth
(firmenpresse) - GRAND RAPIDS, MI -- (Marketwired) -- 10/16/13 -- Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation's premier restaurant operators, today reported financial results for the nine months and quarter ended September 30, 2013.
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"Company sales exceeded $100 million during the nine months period, a company milestone, but most importantly the quality of our earnings before income taxes has continued to improvement significantly throughout the year," stated Meritage CEO, Robert E. Schermer, Jr. The new Wendy's Pretzel Bacon Cheeseburger and Pretzel Chicken Pub sandwiches have been extremely well received by our customers, driving sales and transactions. Meritage continues to invest substantial resources into the Wendy's brand transformation, including major restaurant property improvements known as "Image Activation."
"We have three Image Activation restaurants under development and remain highly confident that with our demonstrated history of operational excellence and commitment to the Wendy's brand transformation we will continue to drive higher sales and create greater guest satisfaction in our Wendy's restaurant portfolio," added Mr. Schermer.
The Company's proprietary casual dining restaurants which feature unique "made from scratch" recipes using locally sourced ingredients, reported 14% same store sales growth over the nine months period.
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Meritage Hospitality Group is one of the nation's premier restaurant operators, with 115 restaurants located in Florida, Georgia, Michigan, North Carolina, South Carolina and Virginia. Meritage is headquartered in Grand Rapids, MI operating with approximately 3,900 employees. The Company's public filings can be viewed at , under the stock symbol MHGU, or the Company's website .
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 .
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Datum: 16.10.2013 - 07:23 Uhr
Sprache: Deutsch
News-ID 1273119
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