CORRECTING and REPLACING -- Meritage Reports Full-Year 2019 Preliminary Results; 2020 Outlook: Robust Growth Ahead
MERITAGE HOSPTLTY GRP INC (MHGU)
NASDAQ:AMEX Investor Relations:
meritagehospitality.com/investor-relations
Company Research
Source: GlobeNewswire
GRAND RAPIDS, Mich., Feb. 26, 2020 (GLOBE NEWSWIRE) -- In a press release under the same headline issued Monday, Feb. 24, 2020 by Meritage Hospitality Group Inc. (OTCQX: MHGU), please be advised the number of common shares outstanding has changed to "9,032,790" rather than "9,033,570" as originally issued. In addition, other changes have been made throughout the document. Complete corrected text follows: Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise restaurant operators and developers, today reported preliminary financial results for the fiscal year ended December 29, 2019. 2019 Full-Year Highlights: Sales increased 7.4% to $467.5 million compared to $435.3 million last year.Earnings from Operations were $21.2 million compared to $25.4 million last year. (The change in Earnings from Operations reflects the current QSR labor environment that requires the Company to invest in wages, increasing base wages by 4.7% during the year. In addi
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