BurgerFi International, Inc. Stock Price, News & Analysis

BurgerFi, a leading fast-casual restaurant chain, is enhancing the dining experience through innovative technologies in response to labor shortages and changing consumer preferences. Testing five new strategies, including in-car ordering via Mavi.io, the introduction of Patty the Robot for customer service, and QR code table ordering, the brand aims to improve efficiency and guest satisfaction. Additionally, BurgerFi operates 25 ghost kitchens and opened a hybrid food hall in Chicago, showcasing its commitment to growth and delivery options. Recognized as a top brand in the fast-casual sector, BurgerFi continues to focus on quality and innovation.

BurgerFi International reported a strong third quarter, with total revenue increasing by 25% to $11.1 million. Systemwide sales grew 25% to $41.4 million, driven by new store openings and same-store sales growth of 7%. Corporate-owned restaurant sales surged 34%

Acquiring Anthony's Coal Fired Pizza & Wings for $156.6 million marks a significant milestone for growth. However, the company faced a net loss of $5 million, primarily due to costs associated with acquisitions and public company expenses.

BurgerFi has launched its first Ultimate Bacon Bash meal, featuring three bacon-centric menu items, including the limited-time Maple Bacon Shake, Ultimate Bacon Cheeseburger, and Bacon Cheese Fries. This promotion runs from November 8 to January 2, with free delivery via the BurgerFi app offered until November 21. BurgerFi, a rapidly growing fast-casual dining concept, currently operates 116 restaurants and emphasizes quality ingredients, having earned accolades such as QSR Magazine's Breakout Brand of 2020.

BurgerFi International Inc. (NASDAQ: BFI, BFIIW) will release its third-quarter financial results for the period ended September 30, 2021, on November 11, 2021, prior to market opening. A conference call will be held at 8:30 a.m. Eastern Time on the same day to discuss these results. The company operates 116 BurgerFi restaurants and recently acquired Anthony’s Coal Fired Pizza & Wings, which has 61 locations across eight states, enhancing its market presence.

BurgerFi International (Nasdaq: BFI, BFIIW) announces its acquisition of Anthony’s Coal Fired Pizza & Wings for $156.6 million, a strategic move to enhance its premium multi-brand platform. This acquisition adds 61 locations to BurgerFi's portfolio, bringing the total to 177 restaurants primarily on the Eastern seaboard. CEO Ian Baines will lead BurgerFi as part of this transition, indicating a strong alignment between the brands. The deal is expected to positively impact earnings per share (EPS) and EBITDA in 2022.

BurgerFi International has announced an agreement to acquire Anthony's Coal Fired Pizza & Wings for approximately $161.3 million. The deal involves $33.6 million in common stock, $53 million in junior non-convertible preferred equity, and the assumption of existing debt. The acquisition will expand BurgerFi's footprint to 177 restaurant locations across the U.S. and is expected to be accretive to EPS and EBITDA in 2022. L Catterton, the seller, will become a major shareholder post-acquisition, enhancing BurgerFi’s growth prospects.

BurgerFi International Inc. (Nasdaq: BFI) has been recognized by Consumer Reports for the third consecutive year for its commitment to antibiotic-free A-Grade Angus Beef. The Chain Reaction Report evaluated fast food chains on their antibiotic policies, ranking BurgerFi highly for quality and transparency. CEO Julio Ramirez emphasized that offering high-quality ingredients requires investment but meets customer demand for healthier options. BurgerFi's A+ Meal includes premium burgers and fresh-cut fries, highlighting its dedication to superior food standards.

BurgerFi International (Nasdaq: BFI, BFIIW), recognized as Fast Casual’s #1 Brand of the Year 2021, will participate in the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on September 13, 2021. CEO Julio Ramirez and CFO Mike Rabinovitch will lead a fireside chat at 3:45 p.m. PT. Investors can also schedule one-on-one meetings throughout the day. The presentation will be available via live webcast, and a replay will be accessible for 30 days. BurgerFi operates around 120 restaurants, focusing on fresh, high-quality food including 100% American Angus beef.

BurgerFi International (Nasdaq: BFI, BFIIW), recognized as the #1 Brand of the Year by Fast Casual in 2021, will present at C.L. King’s 19th Annual Best Ideas Conference on September 14, 2021, at 1:15 p.m. Eastern Time. CEO Julio Ramirez and CFO Mike Rabinovitch will lead the presentation and participate in Q&A sessions, alongside hosting 1x1 investor meetings. The presentation will be webcast live and available for replay for 90 days. With about 120 locations, BurgerFi is known for high-quality, fresh food using 100% American Angus beef.