Muscle Maker Grill Provides Update on Q2 Financial Results - Seite 3

Military

For military locations, we opened Camp Elmore in Q2. Camp Elmore is a Marine base and represents a third branch of the military with opportunities to bring healthier food options to our armed forces. The military vertical has just begun to come back towards pre-COVID levels. Sales are improving as hours of operations are expanded and support personnel return. We expect this to continue towards pre-pandemic levels over the next two quarters. We hope to have more to discuss on this front as we look at more opportunities to expand into additional branches of the armed forces and focus on bringing our “healthier for you” offerings to as many troops as possible.

Strategic

Lastly, the challenging operating environment has also presented some strategic opportunities where we have the potential to expand our footprint and broaden our offering, in a way that is completely synergistic with our core business. Along these lines we are encouraged by the opportunities being presented and will only consider options that are immediately accretive.

Mr. Roper continued "in our opinion, the company is in the very early innings of an exciting growth path. We lost some time as a result of the impact of COVID, but these were simply unfortunate delays, and they have done nothing to derail our plans. In fact, it has probably forced us to focus more on the operating model and where we feel the future of the QSR (Quick Service Restaurant) industry is headed, so that we can continue to expand in a way that best aligns us with our customers, their demand trends and the changing experiential nature. We believe we are turning a corner right now that will be best demonstrated to investors over our next few quarters with the goal of continued location expansion and revenue growth."

About Muscle Maker Grill

Founded in 1995 in Colonia, New Jersey, Muscle Maker Grill features high quality, great tasting food, freshly prepared with proprietary recipes. The menu, created with the guest’s health in mind, is lean and protein based. It features all-natural chicken, grass fed steak, lean turkey, whole wheat pasta, wraps, bowls and more. It also offers a wide selection of fruit smoothies in a variety of assorted flavors, protein shakes and supplements. For more information on Muscle Maker Grill, visit www.musclemakergrill.com.