• Meritage Hospitality Group posted a net loss of $9.6 million for first quarter ended March 29, 2026, widening from $4.3 million a year earlier as sales fell 14.17% to $132.6 million.
• Operating loss widened to $10.6 million from $3.7 million, including $4.5 million of one-time charges tied to planned permanent restaurant closures and restructuring.
• Consolidated EBITDA turned to a loss of $4.5 million from a profit of $2.2 million.
• Management said it has closed almost 60 locations to date and reduced morning hours at certain restaurants, targeting about $10 million of annualized restaurant EBITDA improvements.
• Full-year outlook calls for sales of $520 million to $530 million with restaurant operating income of $35 million to $40 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Meritage Hospitality Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605081744PRIMZONEFULLFEED9716793) on May 08, 2026, and is solely responsible for the information contained therein.