BurgerFi International, Inc. Warrant Stock Price, News & Analysis

BurgerFi International (Nasdaq: BFI, BFIIW) reported preliminary sales of approximately $178 million for fiscal year 2022, with plans for 15-20 new franchised restaurants in 2023. Management anticipates revenues of $175-$180 million and adjusted EBITDA of $10-12 million for 2023. The company emphasizes the integration of the Anthony’s brand and aims for low single-digit same-store sales growth. Notably, there were 11 new BurgerFi locations opened, although there were 5 franchise closures.

BurgerFi International, Inc. (NASDAQ: BFI, BFIIW) announced participation in the 2023 ICR Conference on January 9, 2023. CEO Ian Baines and CFO Mike Rabinovitch will host a fireside chat at 8:00 a.m. Eastern Time, which will be webcast live and available for replay on the Investor Relations website. The company will also conduct 1x1 investor meetings and breakout sessions on January 9th-10th. Established in 2011, BurgerFi operates 114 restaurant locations and was recognized for its quality food offerings, including no antibiotic beef.

BurgerFi International reported a significant revenue increase of 290%, totaling $43.3 million in Q3 2022, compared to $11.1 million the previous year, largely due to the acquisition of Anthony's. Systemwide restaurant sales also grew 71% to $70.6 million. However, BurgerFi experienced a 5% decrease in systemwide sales, while Anthony's grew by 4%. Despite operational improvements, the company reported a net loss of $3.3 million, although this was an improvement from the previous year's loss of $5.0 million. Management remains optimistic about future growth opportunities.

BURGERFI International (NASDAQ: BFI, BFIIW) announced participation in the Benchmark Company's 11th Annual Discovery One-on-One Investor Conference on December 1, 2022, at the New York Athletic Club. The event allows emerging growth companies to meet with institutional investors through scheduled one-on-one meetings. BurgerFi, known for its fresh, quality food and rapid growth, operates 117 locations across its brands, including BurgerFi and Anthony's Coal Fired Pizza. The company seeks to engage with investors to discuss its expansion and performance in the competitive fast-casual dining sector.

BurgerFi International (NASDAQ: BFI, BFIIW) is set to release its financial results for the third quarter ending October 3, 2022, on November 16, 2022, before the market opens. A conference call will take place at 8:30 a.m. ET to discuss these results, accessible via a toll-free dial-in. BurgerFi, known for its commitment to high-quality ingredients, operates 117 locations across its two dining brands, including BurgerFi and Anthony's Coal Fired Pizza & Wings, which together comprise 178 locations. The company has received multiple accolades for quality and growth.

BurgerFi International reported a remarkable 285% revenue growth to $45.3 million in Q2 2022, compared to $11.8 million in 2021, largely due to the acquisition of Anthony's Coal Fired Pizza & Wings. However, the company faced a net loss of $60.4 million, attributed to goodwill impairment charges. While systemwide sales for Anthony's grew 2%, BurgerFi's sales decreased by 4%. The company remains optimistic about achieving $12-14 million in Adjusted EBITDA for 2022, focusing on operational efficiencies and brand expansion.

BurgerFi International (NASDAQ: BFI, BFIIW) will disclose its second-quarter financial results for the period ended June 30, 2022, on August 11, 2022. A conference call is scheduled for 8:30 a.m. ET to discuss these results. BurgerFi operates 183 locations, including 122 BurgerFi restaurants and 61 Anthony's Coal Fired Pizza & Wings locations. The company is committed to quality, serving fresh, all-natural food, and has received multiple accolades, including being named ‘Best Fast Casual Restaurant’ by USA Today.

Following a successful 90-day pilot program in Tallahassee, BurgerFi and Gopuff announced an expanded agreement to deliver BurgerFi items nationwide. The new collaboration will allow customers in over a dozen cities, including Miami, New York City, and Nashville, to access fresh-made BurgerFi burgers and fries through Gopuff's delivery platform. BurgerFi's food preparation and distribution will transition to Gopuff’s local teams, enhancing BurgerFi's presence without the need for additional restaurants.

Imprint announced a partnership with BurgerFi International (Nasdaq: BFI, BFIIW) to launch the BurgerFi and Anthony's Coal Fired Pizza & Wings Visa Card. The card provides users with cashback rewards for orders made online or in-store, offering 3% cashback at participating locations and 1% on all other purchases. The first 200 sign-ups receive a $25 bonus. The card features no credit checks, interest, or fees. This collaboration aims to enhance customer loyalty and retention while minimizing payment processing costs.