Meritage Hospitality Group Inc. Reports Acquisition of Five Wendys Restaurants Located in Atlanta, GA; Provides Earnings Guidance for the Year 2019 and 2020
The company provided earnings guidance for the year 2019. For the year, the company expects sales growth of +10% to 20%. Net Earnings growth of +10% to 20%.
The company is forecasting accelerating sales and earnings growth in 2020, driven by 2019 newly developed, reimaged and acquired restaurant coming fully on-line, as well as the nationwide roll-out of breakfast across its Wendy's markets in the first quarter of 2020.