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BurgerFi International reported a 160% revenue growth to $178.7 million for the fiscal year 2022, driven by the acquisition of Anthony's Coal Fired Pizza & Wings. In Q4 2022, total revenue rose 29% to $45.2 million, but systemwide sales decreased by 2% to $71.6 million.
Despite a net loss of $26.2 million in Q4, an improvement from $117.3 million a year earlier, the company anticipates flat systemwide sales growth in 2023 and has outlined plans to open 15-20 new franchised restaurants.
BurgerFi International, Inc. (NASDAQ: BFI, BFIIW) will report its financial results for the fourth quarter and fiscal year ending January 2, 2023, on March 22, 2023, before market open. A conference call to discuss these results is scheduled for 8:30 a.m. ET that same day. BurgerFi, renowned for its high-quality dining through its brands BurgerFi and Anthony’s Coal Fired Pizza & Wings, operates 114 BurgerFi locations and 60 Anthony's locations, with a commitment to using fresh, all-natural ingredients. The company has received numerous accolades, including being named “The Very Best Burger” at the 2023 SOBE Wine and Food Festival.
On March 14, 2023, Anthony's Coal Fired Pizza & Wings, a subsidiary of BurgerFi International (Nasdaq: BFI, BFIIW), announced the launch of its new limited-time menu items: Mike's Hot Honey & Thick Cut Pepperoni Pizza and Hot Honey Wings. Available until April 24, these offerings feature high-quality ingredients, including fresh mozzarella and signature tomato sauce. Additionally, starting March 28, Anthony's will introduce an enhanced wine menu with 11 new selections. Anthony's is known for its commitment to quality and was named 'The Best Pizza Chain in America' by USA Today.
BurgerFi International (Nasdaq: BFI, BFIIW) has launched a new Mint Shake with Oreo, available at participating locations to celebrate spring and St. Patrick's Day. This limited-time shake features a mint-chocolate flavor profile, inspired by the popular mint-chip combination. Executives express confidence that it will appeal to customers, especially those seeking festive green treats during March. Established in 2011, BurgerFi is known for its chef-driven concept and commitment to using responsibly sourced ingredients. The company has received several accolades, including "Best Fast Casual Restaurant" in USA Today's 10Best 2022 Readers' Choice Awards.
BurgerFi International (NASDAQ: BFI, BFIIW) announced participation in J.P. Morgan’s Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 14, 2023. CEO Ian Baines and CFO Mike Rabinovitch will host a fireside chat at 1:30 p.m. Pacific Time. Additionally, they will conduct 1x1 investor meetings on the same day. The fireside chat will be live-streamed and available for replay on the Company’s Investor Relations website. BurgerFi operates 114 restaurants across its burger and pizza brands, including Anthony’s Coal Fired Pizza & Wings, which offers high-quality ingredients and was recognized as a leading pizza chain.
BurgerFi International (NASDAQ: BFI, BFIIW) announced a significant increase in investment by its Executive Chairman, Ophir Sternberg, along with the management team and major investor, L Catterton. They purchased 1.5 million shares from an affiliate of L Catterton, establishing them as the largest shareholders. Additionally, L Catterton provided $5.1 million in financing, secured through a junior promissory note. This investment also led to an expansion of the BurgerFi Board of Directors and modifications to the Series A Preferred Stock to facilitate additional director nominations. The moves signify strong confidence in the company's growth potential.
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BurgerFi International Inc. (Nasdaq: BFI, BFIIW) announces a special Valentine's Day menu at Anthony's Coal Fired Pizza & Wings, available from February 13-14. The limited-time offer features a heart-shaped pizza with two mini bottles of Prosecco rosé for $35. Guests can also enjoy an espresso martini and sweet treats like cream-filled cannolis. The promotion aims to celebrate love and enhance the dining experience with traditional Italian hospitality. Anthony's, acquired by BurgerFi on November 3, 2021, operates 60 locations and is known for high-quality ingredients and unique menu options.