MHGU Financials 07/16/2014 18:57:33 Meritage Hosp

MHGU Financials 07/16/2014 18:57:33
Meritage Hospitality Group, Inc.
Period Ending Dec 29, 2013 Dec 31, 2012 Jan 01, 2012 Jan 02, 2011
Total Revenue 137,784 98,953 91,942 77,504
Cost of Revenue 40,064 28,389 26,103 21,151
Gross Profit 97,720 70,564 65,838 56,353
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 49,350 35,744 32,865 27,845
Non-Recurring Items 488 327 399 243
Other 2,282 1,869 1,605 1,355
Operating Income 4,635 2,476 3,179 3,241
Income From Continuing Operations
Add'l Income/Expense Items 1,389 1,038 132 (120)
Earnings Before Interest and Tax 6,025 3,513 2,666 2,538
Interest Expense 1,734 1,182 1,378 782
Earnings Before Tax 4,291 2,332 1,288 1,756
Income Tax 1,237 (737) (1,498) (663)
Minority Interest - - (50) (47)
Equity Earnings Unconsolidated Subsidiary - - (645) (583)
Net Income Cont. Operations 3,054 3,068 2,787 2,419
Non Recurring Events
Discontinued Operations - (163) (521) (156)
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 3,054 2,906 2,316 2,310
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders 3,054 2,906 2,316 2,310