Meritage Hospitality Group Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 29, 2019; Provides Earnings Guidance for Full Year 2019
For the nine months, the company reported Sales of $346.4 million compared to $327.5 million a year ago. Earnings from Operations were $17.6 million compared to $19.4 million a year ago. Net Earnings were $10.5 million compared to $10.7 million a year ago.
For the year, the company expected Sales growth of 10% to 20%. Earnings from Operations growth of 10% to 20%. Net Earnings growth of 15% to 25%.