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Meritage Reports 2020 Full-Year Preliminary Results; 2021 Outlook: Poised For Strong Growth


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Meritage Reports 2020 Full-Year Preliminary Results; 2021 Outlook: Poised For Strong Growth
Meritage Hospitality Group, Inc.February 10, 2021 GMT
GRAND RAPIDS, Mich., Feb. 10, 2021 (GLOBE NEWSWIRE) Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation’s premier franchise restaurant operator and developer, today reported preliminary financial results for the fiscal year ended January 3, 2021.
2020 Full-Year Highlights:
Earnings from Operations increased 21.8% to $25.8 million compared to $21.2 million last year.       
Net Earnings increased 22.4% to $15.8 million compared to $12.9 million last year.
Consolidated EBITDA (a non-GAAP measure) increased 4.9% to $46.7 million compared to $44.6 million last year. ....

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