Meritage Reports Third Quarter 2025 Results
MERITAGE HOSPTLTY GRP INC (MHGU)
NASDAQ:AMEX Investor Relations:
meritagehospitality.com/investor-relations
Company Research
Source: GlobeNewswire
GRAND RAPIDS, Mich., Nov. 11, 2025 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), today reported financial results for the third quarter and nine months ended September 28, 2025. 2025 Third Quarter Highlights: Sales were $154.6 million compared to $164.8 million for the same period last year.Earnings (Loss) from Operations were ($6.6) million compared to $0.6 million for the same period last year. Of note, third quarter of 2025 results included a one-time, non-cash charge of $2.7 million. Net Earnings (Loss) was ($9.0) million compared to ($1.8) million for the same period last year. Consolidated EBITDA (a non-GAAP measure) was ($4.3) million compared to $6.3 million for the same period last year. “We are navigating through a very challenging external consumer environment in the QSR industry, with record third quarter prime costs (food, paper and labor), increased discounting and a general decline in transactions due to lower consumer discretionary income. The
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