GRAND RAPIDS, Mich., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise operators, today reported financial results for the second quarter ended June 29, 2025. Second Quarter 2025 Highlights Sales were $163.5 million compared to $172.4 million for the same period last year. Earnings from Operations were $3.0 million compared to $6.7 million for the same period last year. Net Earnings were $0.335 million compared to $3.0 million for the same ...

Q2 2025 Earnings Supplemental August 12th, 2025 Cautionary Statement Regarding Forward-Looking Statements This presentation contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that reflect our current views with respect to, among other things, our operations and financial performance. Forward-looking statements include all statements that are not historical facts. These forward-looking statements relate to matters such as our industry, business st ...

Core Viewpoint - Cava has lowered its full-year forecast for same-store sales growth to 4% to 6% from a previous range of 6% to 8% following disappointing second-quarter results, leading to a significant drop in its stock price [1][2]. Financial Performance - Cava reported a second-quarter net income of $18.4 million, or 16 cents per share, down from $19.7 million, or 17 cents per share, a year earlier [2]. - Net restaurant sales increased by 20% to $278.2 million, primarily due to new restaurant openings [2]. - Same-store sales rose by 2.1% during the quarter, falling short of Wall Street's expectation of 6.1% growth [3]. - The company's quarterly traffic was described as "roughly flat," contrasting with a 14.4% increase in same-store sales a year earlier [4]. Market Context - Cava's performance reflects broader challenges in the fast-casual dining sector, with competitors like Chipotle and Sweetgreen also experiencing sales declines [6]. Future Projections - Despite lowering the same-store sales forecast, Cava maintained its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) projection of $152 million to $159 million and restaurant-level profit margins of 24.8% to 25.2% for the full year [7]. Strategic Initiatives - Cava participated in a $25 million Series B funding round for Hyphen, a company that automates plate and bowl portioning, aiming to enhance order accuracy and speed during peak hours [8].

CAVA Group, Inc. CAVA will release earnings results for the second quarter, after the closing bell on Tuesday, Aug. 12.Analysts expect the Washington, District of Columbia-based company to report quarterly earnings at 13 cents per share, down from 17 cents per share in the year-ago period. CAVA Group projects to report quarterly revenue at $285.23 million, compared to $233.5 million a year earlier, according to data from Benzinga Pro.On Aug. 8, CAVA opened its first Pittsburgh restaurant, located at 3619 Fo ...

Financial Data and Key Metrics Changes - The company reported cash of $12 million at the end of the quarter and debt of $3.9 million, with an extended credit agreement providing $20 million of capacity [5] - An additional impairment of $4.7 million was recorded for Sequoia's leasehold improvements and right of use assets due to cash flow analysis [6] Business Line Data and Key Metrics Changes - Individual restaurants are performing well, particularly in Las Vegas and New York, with cash flow remaining strong despite a slowdown in visitors to the Las Vegas Strip [8] - Sequoia and Bryant Park are underperforming due to external factors, with Sequoia facing a decline in event business and Bryant Park involved in litigation [10][11] Market Data and Key Metrics Changes - The overall demand in various operational areas is down, with reports indicating a 15% to 20% decline in Florida, although this figure may be exaggerated [9] Company Strategy and Development Direction - The company is focused on maintaining operations at Bryant Park despite ongoing litigation and believes in the justification of their claims [11] - There is optimism regarding the potential for a casino license in the Meadowlands, contingent on developments in New York State's casino licensing [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenging environment but believes the company is performing well under the circumstances [9] - The company is positioned to capitalize on potential gaming opportunities in New Jersey as the legislative landscape evolves [12] Other Important Information - The company has extended the payment terms on balloon notes, with two set to run off in four to five quarters and another balloon payment due in June 2028 [6] Q&A Session Summary Question: Are there any questions from participants? - There were no questions from participants during the Q&A session [15]

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Hybrid pairings, which combine alcoholic and nonalcoholic beverages, are taking off in fine-dining restaurants across the country https://t.co/apgrzUARzy ...

Group 1 - Dutch Bros Inc. (NYSE: BROS) has gained popularity on social media, with positive discussions about its various drinks [1] - The company is experiencing a trend that suggests a growing consumer interest and engagement [1]

Another quarter’s in the books, and Potbelly (NASDAQ: PBPB ) is once again showing why it’s one of Goulart Restaurant Stocks’ top picks in the fast-casual game.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship w ...

Investors might want to bet on Cracker Barrel Old Country Store (CBRL) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked b ...