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Meritage Initiates Voluntary Chapter 11 Process to Strengthen Its Balance Sheet and Position the Company for Long-Term Success

Thu, 17 Sep 2026 19:31:00 -0400

GRAND RAPIDS, Mich., Sept. 17, 2026 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU) ("Meritage" or the "Company"), one of the nation’s largest restaurant operators, today announced that it has voluntarily filed petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Western District of Michigan (the "Court"). The Company took this step to strengthen its balance sheet and establish a sustainable capital structure that positions Meritage for long-term success.

Meritage presently operates 314 Wendy’s, one Bojangles and five independently branded concepts across 15

Meritage Initiates Voluntary Chapter 11 Process to Strengthen Its Balance Sheet and Position the Company for Long-Term Success

Thu, 17 Sep 2026 19:31:00 -0400

Meritage presently operates 314 Wendy’s, one Bojangles and five independently branded concepts across 15

Meritage Hospitality posts Q2 loss amid restructuring charges

Fri, 17 Jul 2026 16:17:37 -0400

Meritage Hospitality Group Inc. (OTCQX: MHGU) reported a net loss of $13.6 million for the second quarter ended June 28, 2026, compared to net earnings of $0.3 million in the same period a year earlier, according to a company press release. The quarter included $13.8 million in one-time restructuring and closing costs.

Second-quarter sales fell to $150.0 million from $163.5 million in the prior-year period, which the company noted included approximately 40 additional restaurants. Restaurant operating income declined to $10.3 million from $15.2 million. Adjusted EBITDA, a non-GAAP measure excluding the one-time costs, was $2.8 million compared to $8.2 million a

Meritage Reports Second Quarter 2026 Results; Reaffirming Improving Sales & Operating Trends

Fri, 17 Jul 2026 16:16:00 -0400

GRAND RAPIDS, Mich., July 17, 2026 (GLOBE NEWSWIRE) -- July 17, 2026. Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported financial results for the second quarter ended June 28, 2026.

Second Quarter Highlights:

Sales were $150.0 million compared to $163.5 million for the same period last year, which included approximately 40 additional restaurants.
Restaurant Operating Income was $10.3 million compared to $15.2 million for the same period last year.
Net (Loss) Earnings was ($13.6) million compared to $0.3 million for the same period last year. Current period included $13.8

Meritage Reports Second Quarter 2026 Results; Reaffirming Improving Sales & Operating Trends

Fri, 17 Jul 2026 16:16:00 -0400

GRAND RAPIDS, Mich., July 17, 2026 (GLOBE NEWSWIRE) -- July 17, 2026. Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported financial results for the second quarter ended June 28, 2026.

Second Quarter Highlights:

Sales were $150.0 million compared to $163.5 million for the same period last year, which included approximately 40 additional restaurants.
Restaurant Operating Income was $10.3 million compared to $15.2 million for the same period last year.
Net (Loss) Earnings was ($13.6) million compared to $0.3 million for the same period last year. Current period included $13.8

Meritage Reports Second Quarter 2026 Results; Reaffirming Improving Sales & Operating Trends

Fri, 17 Jul 2026 16:16:00 -0400

GRAND RAPIDS, Mich., July 17, 2026 (GLOBE NEWSWIRE) -- July 17, 2026. Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported financial results for the second quarter ended June 28, 2026.

Second Quarter Highlights:

Sales were $150.0 million compared to $163.5 million for the same period last year, which included approximately 40 additional restaurants.
Restaurant Operating Income was $10.3 million compared to $15.2 million for the same period last year.
Net (Loss) Earnings was ($13.6) million compared to $0.3 million for the same period last year. Current period included $13.8

Meritage Reports Second Quarter 2026 Results; Reaffirming Improving Sales & Operating Trends

Fri, 17 Jul 2026 16:16:00 -0400

GRAND RAPIDS, Mich., July 17, 2026 (GLOBE NEWSWIRE) -- July 17, 2026. Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported financial results for the second quarter ended June 28, 2026.

Second Quarter Highlights:

Sales were $150.0 million compared to $163.5 million for the same period last year, which included approximately 40 additional restaurants.
Restaurant Operating Income was $10.3 million compared to $15.2 million for the same period last year.
Net (Loss) Earnings was ($13.6) million compared to $0.3 million for the same period last year. Current period included $13.8

Meritage Reports Second Quarter 2026 Results; Reaffirming Improving Sales & Operating Trends

Fri, 17 Jul 2026 16:16:00 -0400

GRAND RAPIDS, Mich., July 17, 2026 (GLOBE NEWSWIRE) -- July 17, 2026. Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported financial results for the second quarter ended June 28, 2026.

Second Quarter Highlights:

Sales were $150.0 million compared to $163.5 million for the same period last year, which included approximately 40 additional restaurants.
Restaurant Operating Income was $10.3 million compared to $15.2 million for the same period last year.
Net (Loss) Earnings was ($13.6) million compared to $0.3 million for the same period last year. Current period included $13.8

Meritage Reports Second Quarter 2026 Results; Reaffirming Improving Sales & Operating Trends

Fri, 17 Jul 2026 16:16:00 -0400

GRAND RAPIDS, Mich., July 17, 2026 (GLOBE NEWSWIRE) -- July 17, 2026. Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported financial results for the second quarter ended June 28, 2026.

Second Quarter Highlights:

Sales were $150.0 million compared to $163.5 million for the same period last year, which included approximately 40 additional restaurants.
Restaurant Operating Income was $10.3 million compared to $15.2 million for the same period last year.
Net (Loss) Earnings was ($13.6) million compared to $0.3 million for the same period last year. Current period included $13.8

Meritage Reports Second Quarter 2026 Results; Reaffirming Improving Sales & Operating Trends

Fri, 17 Jul 2026 16:16:00 -0400

GRAND RAPIDS, Mich., July 17, 2026 (GLOBE NEWSWIRE) -- July 17, 2026. Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported financial results for the second quarter ended June 28, 2026.

Second Quarter Highlights:

Sales were $150.0 million compared to $163.5 million for the same period last year, which included approximately 40 additional restaurants.
Restaurant Operating Income was $10.3 million compared to $15.2 million for the same period last year.
Net (Loss) Earnings was ($13.6) million compared to $0.3 million for the same period last year. Current period included $13.8

Meritage Reports Second Quarter 2026 Results; Reaffirming Improving Sales & Operating Trends

Fri, 17 Jul 2026 16:16:00 -0400

GRAND RAPIDS, Mich., July 17, 2026 (GLOBE NEWSWIRE) -- July 17, 2026. Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported financial results for the second quarter ended June 28, 2026.

Second Quarter Highlights:

Sales were $150.0 million compared to $163.5 million for the same period last year, which included approximately 40 additional restaurants.
Restaurant Operating Income was $10.3 million compared to $15.2 million for the same period last year.
Net (Loss) Earnings was ($13.6) million compared to $0.3 million for the same period last year. Current period included $13.8

Meritage Reports First Quarter 2026 Results; Margins Rising, Outlook Better

Fri, 08 May 2026 17:44:00 -0400

GRAND RAPIDS, Mich., May 08, 2026 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported financial results for the first quarter ending March 29, 2026.

First Quarter Highlights:

Sales were $132.6 million compared to $154.5 million for the same period last year (current period included approximately 40 fewer restaurants as well as the reduction of hours during the morning daypart in certain restaurants).
Earnings (loss) from Operations were $(10.6) million compared to $(3.7) million for the same period last year (current period included one-time charges of

Meritage Reports First Quarter 2026 Results; Margins Rising, Outlook Better

Fri, 08 May 2026 17:44:00 -0400

GRAND RAPIDS, Mich., May 08, 2026 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported financial results for the first quarter ending March 29, 2026.

First Quarter Highlights:

Sales were $132.6 million compared to $154.5 million for the same period last year (current period included approximately 40 fewer restaurants as well as the reduction of hours during the morning daypart in certain restaurants).
Earnings (loss) from Operations were $(10.6) million compared to $(3.7) million for the same period last year (current period included one-time charges of

Meritage Reports First Quarter 2026 Results; Margins Rising, Outlook Better

Fri, 08 May 2026 17:44:00 -0400

GRAND RAPIDS, Mich., May 08, 2026 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported financial results for the first quarter ending March 29, 2026.

First Quarter Highlights:

Sales were $132.6 million compared to $154.5 million for the same period last year (current period included approximately 40 fewer restaurants as well as the reduction of hours during the morning daypart in certain restaurants).
Earnings (loss) from Operations were $(10.6) million compared to $(3.7) million for the same period last year (current period included one-time charges of

Meritage Reports First Quarter 2026 Results; Margins Rising, Outlook Better

Fri, 08 May 2026 17:44:00 -0400

GRAND RAPIDS, Mich., May 08, 2026 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported financial results for the first quarter ending March 29, 2026.

First Quarter Highlights:

Sales were $132.6 million compared to $154.5 million for the same period last year (current period included approximately 40 fewer restaurants as well as the reduction of hours during the morning daypart in certain restaurants).
Earnings (loss) from Operations were $(10.6) million compared to $(3.7) million for the same period last year (current period included one-time charges of

Meritage Reports First Quarter 2026 Results; Margins Rising, Outlook Better

Fri, 08 May 2026 17:44:00 -0400

GRAND RAPIDS, Mich., May 08, 2026 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported financial results for the first quarter ending March 29, 2026.

First Quarter Highlights:

Sales were $132.6 million compared to $154.5 million for the same period last year (current period included approximately 40 fewer restaurants as well as the reduction of hours during the morning daypart in certain restaurants).
Earnings (loss) from Operations were $(10.6) million compared to $(3.7) million for the same period last year (current period included one-time charges of

Meritage Reports First Quarter 2026 Results; Margins Rising, Outlook Better

Fri, 08 May 2026 17:44:00 -0400

GRAND RAPIDS, Mich., May 08, 2026 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported financial results for the first quarter ending March 29, 2026.

First Quarter Highlights:

Sales were $132.6 million compared to $154.5 million for the same period last year (current period included approximately 40 fewer restaurants as well as the reduction of hours during the morning daypart in certain restaurants).
Earnings (loss) from Operations were $(10.6) million compared to $(3.7) million for the same period last year (current period included one-time charges of

Meritage Reports First Quarter 2026 Results; Margins Rising, Outlook Better

Fri, 08 May 2026 17:44:00 -0400

GRAND RAPIDS, Mich., May 08, 2026 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported financial results for the first quarter ending March 29, 2026.

First Quarter Highlights:

Sales were $132.6 million compared to $154.5 million for the same period last year (current period included approximately 40 fewer restaurants as well as the reduction of hours during the morning daypart in certain restaurants).
Earnings (loss) from Operations were $(10.6) million compared to $(3.7) million for the same period last year (current period included one-time charges of

Meritage Reports First Quarter 2026 Results; Margins Rising, Outlook Better

Fri, 08 May 2026 17:44:00 -0400

GRAND RAPIDS, Mich., May 08, 2026 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported financial results for the first quarter ending March 29, 2026.

First Quarter Highlights:

Sales were $132.6 million compared to $154.5 million for the same period last year (current period included approximately 40 fewer restaurants as well as the reduction of hours during the morning daypart in certain restaurants).
Earnings (loss) from Operations were $(10.6) million compared to $(3.7) million for the same period last year (current period included one-time charges of

Meritage Announced 2025 Preliminary Unaudited Results; 2026 Outlook: Sales and Margin Recovery

Mon, 19 Jan 2026 16:45:00 -0400

GRAND RAPIDS, Mich., Jan. 19, 2026 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported preliminary financial results for the fourth quarter and fiscal year ended December 28, 2025, ahead of presenting at the Sidoti Micro-Cap Conference.

2025 Full-Year Highlights:

Sales were $617.7 million compared to $668.8 million last year.
Earnings (Loss) from Operations were $(22.9) million compared to $13.3 million last year (current year included one-time and non-cash charges of $13.7 associated with pre-opening & costs related to the closure of 21 underperforming

Meritage Announced 2025 Preliminary Unaudited Results; 2026 Outlook: Sales and Margin Recovery

Mon, 19 Jan 2026 16:45:00 -0400

GRAND RAPIDS, Mich., Jan. 19, 2026 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported preliminary financial results for the fourth quarter and fiscal year ended December 28, 2025, ahead of presenting at the Sidoti Micro-Cap Conference.

2025 Full-Year Highlights:

Sales were $617.7 million compared to $668.8 million last year.
Earnings (Loss) from Operations were $(22.9) million compared to $13.3 million last year (current year included one-time and non-cash charges of $13.7 associated with pre-opening & costs related to the closure of 21 underperforming

Meritage Announced 2025 Preliminary Unaudited Results; 2026 Outlook: Sales and Margin Recovery

Mon, 19 Jan 2026 16:45:00 -0400

GRAND RAPIDS, Mich., Jan. 19, 2026 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported preliminary financial results for the fourth quarter and fiscal year ended December 28, 2025, ahead of presenting at the Sidoti Micro-Cap Conference.

2025 Full-Year Highlights:

Sales were $617.7 million compared to $668.8 million last year.
Earnings (Loss) from Operations were $(22.9) million compared to $13.3 million last year (current year included one-time and non-cash charges of $13.7 associated with pre-opening & costs related to the closure of 21 underperforming

Meritage Announced 2025 Preliminary Unaudited Results; 2026 Outlook: Sales and Margin Recovery

Mon, 19 Jan 2026 16:45:00 -0400

GRAND RAPIDS, Mich., Jan. 19, 2026 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported preliminary financial results for the fourth quarter and fiscal year ended December 28, 2025, ahead of presenting at the Sidoti Micro-Cap Conference.

2025 Full-Year Highlights:

Sales were $617.7 million compared to $668.8 million last year.
Earnings (Loss) from Operations were $(22.9) million compared to $13.3 million last year (current year included one-time and non-cash charges of $13.7 associated with pre-opening & costs related to the closure of 21 underperforming

Meritage Announced 2025 Preliminary Unaudited Results; 2026 Outlook: Sales and Margin Recovery

Mon, 19 Jan 2026 16:45:00 -0400

GRAND RAPIDS, Mich., Jan. 19, 2026 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported preliminary financial results for the fourth quarter and fiscal year ended December 28, 2025, ahead of presenting at the Sidoti Micro-Cap Conference.

2025 Full-Year Highlights:

Sales were $617.7 million compared to $668.8 million last year.
Earnings (Loss) from Operations were $(22.9) million compared to $13.3 million last year (current year included one-time and non-cash charges of $13.7 associated with pre-opening & costs related to the closure of 21 underperforming

Meritage Announced 2025 Preliminary Unaudited Results; 2026 Outlook: Sales and Margin Recovery

Mon, 19 Jan 2026 16:45:00 -0400

GRAND RAPIDS, Mich., Jan. 19, 2026 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported preliminary financial results for the fourth quarter and fiscal year ended December 28, 2025, ahead of presenting at the Sidoti Micro-Cap Conference.

2025 Full-Year Highlights:

Sales were $617.7 million compared to $668.8 million last year.
Earnings (Loss) from Operations were $(22.9) million compared to $13.3 million last year (current year included one-time and non-cash charges of $13.7 associated with pre-opening & costs related to the closure of 21 underperforming