Key Developments: Meritage Hospitality Group Inc (MHGU.PK)

MHGU.PK on OTC Markets Group

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20 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Meritage Hospitality Group Inc reaffirms FY 2014 outlook
Friday, 18 Jul 2014 09:01am EDT 

Meritage Hospitality Group Inc:Affirms FY 2014 operating guidance.Expects FY 2014 sales growth of 10 pct to 15 pct.Expects FY 2014 net income growth of 50 pct to 55 pct.Expects FY 2014 EBITDA growth (a non-GAAP measure) of 30 pct to 35 pct.  Full Article

Meritage Hospitality Group announces special dividend increase
Wednesday, 21 May 2014 11:54am EDT 

Meritage Hospitality Group Inc:Approved a special dividend of $.015 per share.Payable on July 1, to shareholders of record on June 16.  Full Article

Meritage Hospitality Group Inc reiterates FY 2014 outlook
Monday, 21 Apr 2014 04:23pm EDT 

Meritage Hospitality Group Inc:Reiterates fiscal 2014 outlook which includes, sales growth of 10 pct. to 15 pct., net income growth of 50 pct. to 55 pct. and EBITDA growth (a non-GAAP measure) of 30 pct. to 35 pct.  Full Article

Meritage Hospitality Group Inc opens new restaurant
Friday, 14 Mar 2014 08:00am EDT 

Meritage Hospitality Group Inc:Opens its 120th restaurant located on Argyle Road in Jacksonville, FL.  Full Article

Meritage Hospitality Group Inc reports acquisition of Jacksonville, Fl Wendy's Restaurant
Tuesday, 17 Dec 2013 10:32am EST 

Meritage Hospitality Group Inc:Says it has acquired an additional Wendy's restaurant in Jacksonville, FL bringing its operations to 119 restaurants in six states.  Full Article

Meritage Hospitality Group Inc reports acquisition of wendy's restaurants and new restaurant developments
Tuesday, 10 Dec 2013 08:00am EST 

Meritage Hospitality Group Inc:Says it has acquired four additional Wendy's restaurants in Jacksonville, FL, began development on its second Wendy's 'image activation' remodel in Mt Zion, GA, and commenced construction of a Wendy's restaurant in Jacksonville FL, scheduled to open in the spring of 2014.  Full Article

Meritage Hospitality Group Inc Comments On FY 2013 Guidance
Wednesday, 13 Nov 2013 02:30pm EST 

Meritage Hospitality Group Inc announced that for fiscal 2013, it expects sales growth of 30% to 35%, EBITDA growth of 65% to 70% and Net Earnings growth of 15% to 20%.  Full Article

Meritage Hospitality Group Inc Announces Second 2013 Special Dividend of $0.01 Per Share
Wednesday, 13 Nov 2013 12:09pm EST 

Meritage Hospitality Group, Inc announced that the Company's Board of Directors approved a special dividend of $0.01 per share at the recently held Board of Directors meeting. The dividend is payable on December 16, 2013 to shareholders of record on December 2, 2013.  Full Article

Meritage Hospitality Group Inc Approves Special Dividend
Tuesday, 21 May 2013 12:15pm EDT 

Meritage Hospitality Group Inc announced that Company's Board of Directors approved a special dividend of $0.01 per share at the May 21, 2013 Board of Directors Meeting. The dividend is payable on July 1, 2013 to shareholders of record on June 14, 2013.  Full Article

Meritage Hospitality Group Inc Announces Acquisition Of Two Wendy's Franchised Portfolios Consisting Of Nine Wendy's Restaurants In Atlanta
Thursday, 3 Jan 2013 09:08am EST 

Meritage Hospitality Group Inc announced that it has acquired two Wendy's franchised portfolios consisting of nine Wendy's restaurants in Atlanta, GA, and ten Wendy's restaurants in Richmond, VA. In addition, the Company has opened a new Wendy's restaurant located on Trout River Road in Jacksonville, FL marking its 111th restaurant in operation. The acquisitions were financed utilizing an acquisition credit facility with First Franchise Capital Corporation, the Company's primary Wendy's restaurant lender.  Full Article

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