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Meritage Hospitality Group (MHGU)
OTHER OTC:MHGU
US Market
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Meritage Hospitality Group (MHGU) Income Statement

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Meritage Hospitality Group Income Statement

Last quarter (Q4 2022), Meritage Hospitality Group's total revenue was $159.42M, an increase of 7.35% from the same quarter last year. In Q4, Meritage Hospitality Group's net income was $-2.87M. See Meritage Hospitality Group’s key income statements, including revenue, expenses, profit, and income.
Income Statement
TTM
Dec 22Dec 21Dec 20Dec 19Dec 18
Total Revenue
$ 626.04M$ 626.04M$ 577.13M$ 516.18M$ 467.55M$ 435.30M
Cost of Revenue
$ 373.85M$ 373.85M$ 334.17M$ 287.53M$ 262.55M$ 241.29M
Gross Profit
$ 252.19M$ 252.19M$ 242.96M$ 228.65M$ 205.00M$ 194.01M
Operating Expense
$ 230.57M$ 230.57M$ 220.90M$ 194.41M$ 179.81M$ 168.59M
Operating Income
$ 21.62M$ 21.62M$ 22.06M$ 34.24M$ 25.19M$ 25.41M
Net Non Operating Interest Income Expense
$ -8.16M$ -8.16M$ -6.71M$ -10.78M$ -12.34M$ -9.67M
Other Income Expense
$ -3.79M$ -3.79M$ 7.95M$ -5.30M$ 3.61M$ 784.94K
Pretax Income
$ 9.67M$ 9.68M$ 23.30M$ 18.16M$ 16.46M$ 16.53M
Tax Provision
$ 585.00K$ 586.00K$ 5.10M$ 2.40M$ 3.59M$ 3.37M
Earnings From Equity Interest Net Of Tax
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Net Income Common Stockholders
$ 6.46M$ 6.46M$ 15.42M$ 12.90M$ 10.25M$ 11.60M
Basic EPS
$ 0.94$ 0.98$ 2.30$ 2.00$ 1.62$ 1.85
Diluted EPS
$ 0.71$ 0.84$ 1.81$ 1.58$ 1.27$ 1.85
Basic Average Shares
$ 26.34M$ 6.58M$ 6.70M$ 6.45M$ 6.31M$ 6.26M
Diluted Average Shares
$ 33.66M$ 8.69M$ 9.63M$ 9.41M$ 9.03M$ 6.26M
Dividend Per Share
-$ 0.00$ 0.00$ 0.00$ 0.00$ 0.00
Total Operating Income As Reported
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Reported Normalized Basic E P S
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Reported Normalized Diluted E P S
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Rent Expense Supplemental
$ 77.96M$ 77.94M$ 76.47M$ 69.94M$ 66.00M$ 59.20M
Total Expenses
$ 604.42M$ 604.42M$ 555.07M$ 481.94M$ 442.36M$ 409.89M
Net Income From Continuing And Discontinued Operation
$ 8.48M$ 8.48M$ 17.45M$ 14.91M$ 12.06M$ 13.01M
Normalized Income
$ 14.26M$ 15.67M$ 20.56M$ 22.25M$ 15.20M$ 13.01M
Interest Expense
$ 8.16M$ 8.16M$ 7.75M$ 10.78M$ 12.34M$ 9.67M
EBIT
$ 17.83M$ 17.83M$ 31.04M$ 28.94M$ 28.80M$ 26.20M
EBITDA
$ 35.25M$ 35.25M$ 47.35M$ 45.25M$ 42.88M$ 38.15M
Currency in USD

Meritage Hospitality Group Earnings and Revenue History

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