Welcome to our dedicated page for BurgerFi International news (Ticker: BFI), a resource for investors and traders seeking the latest updates and insights on BurgerFi International stock.
BurgerFi International, Inc. (NASDAQ: BFI) maintains this centralized news hub for tracking corporate developments in the fast-casual dining sector. Investors and industry observers will find verified updates spanning financial disclosures, operational milestones, and brand initiatives.
This resource aggregates essential information including earnings reports, franchising updates, and leadership changes. Regular updates ensure comprehensive coverage of BFI's dual-brand strategy featuring its signature better burger concept and Anthony’s pizza offerings.
Key focus areas include menu innovations, restaurant expansion patterns, and operational efficiency measures. All content undergoes strict verification to provide reliable insights into the company's market positioning and financial health.
Bookmark this page for streamlined access to BurgerFi's latest press releases and strategic announcements. Monitor critical developments in food service operations, ingredient sourcing practices, and competitive differentiation within the evolving casual dining landscape.
BurgerFi International (Nasdaq: BFI) reported its Q1 2024 financial results, highlighting a revenue decline to $42.9 million from $45.7 million in the previous year. The company experienced a 17% decrease in systemwide sales for BurgerFi and a 2% decrease for Anthony's. Same-store sales dropped 13% for BurgerFi and 2% for Anthony's. Despite these declines, net loss reduced to $6.5 million from $9.2 million, and management noted sequential improvement through the quarter. Adjusted EBITDA was $0.3 million, down from $2.6 million. Operational improvements and new systems are expected to drive future growth.
BurgerFi International (NASDAQ: BFI, BFIIW) will announce its Q1 2024 financial results on May 15, 2024, before the market opens.
Management will discuss the results in a conference call at 8:30 a.m. ET the same day.
The call will be available live and for replay on their Investor Relations website.
Dial-in details for the call include a toll-free number (1-833-816-1403) and an international number (1-412-317-0496) with Conference ID: 10189129.
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