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Earnings
BurgerFi sees 2022 revenue $175M-$180M » 07:19
08/11/22
08/11
07:19
08/11/22
07:19
BFI

BurgerFi

$3.33 /

+0.095 (+2.94%)

Sees Low to Mid-single…

Sees Low to Mid-single digit same-store sales growth. Ophir Sternberg, Executive Chairman of BurgerFi, stated, "We are pleased to report yet another quarter of profitable growth, as we grew our total revenues by nearly 285% and achieved nearly nine times growth in adjusted EBITDA when compared to the second quarter of 2021 driven by the acquisition of Anthony's Coal Fired Pizza & Wings and expansion of the BurgerFi brand. I believe we are still in the early stages of a long-term growth story. I am confident in our management team and their ability to execute on our business initiatives and remain enthusiastic about the opportunities I see for both brands."

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BFI BurgerFi
$3.33 /

+0.095 (+2.94%)

BFI BurgerFi
$3.33 /

+0.095 (+2.94%)

11/23/21 BTIG
BurgerFi initiated with a Buy at BTIG
BFI BurgerFi
$3.33 /

+0.095 (+2.94%)

Earnings
BurgerFi reports Q2 EPS ($2.72) vs. (19c) last year » 07:18
08/11/22
08/11
07:18
08/11/22
07:18
BFI

BurgerFi

$3.33 /

+0.095 (+2.94%)

Reports Q2 revenue $45.3M…

Reports Q2 revenue $45.3M vs. $11.8M last year. Systemwide sales for Anthony's increased 2% to $31.8 million in the second quarter compared to prior year; Systemwide sales for BurgerFi decreased 4% to $42.4 million in the second quarter compared to prior year; Systemwide same-store sales growth of 3% at Anthony's in the second quarter of 2022 compared to the prior year quarter; Systemwide same-store sales decrease of 11% at BurgerFi in the second quarter of 2022 compared to the prior year quarter.

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BFI BurgerFi
$3.33 /

+0.095 (+2.94%)

BFI BurgerFi
$3.33 /

+0.095 (+2.94%)

11/23/21 BTIG
BurgerFi initiated with a Buy at BTIG
BFI BurgerFi
$3.33 /

+0.095 (+2.94%)

Over a month ago
Hot Stocks
BurgerFi, GoPuff expand delivery pilot to additional cities » 10:45
07/07/22
07/07
10:45
07/07/22
10:45
BFI

BurgerFi

$3.17 /

-0.005 (-0.16%)

BurgerFi and Gopuff…

BurgerFi and Gopuff announced plans to expand the delivery of BurgerFi items on the Gopuff platform to more customers nationwide, following a successful pilot program. In the coming months, Gopuff will begin delivering fresh-made BurgerFi burgers and fries to customers in more than a dozen cities, including Miami, New York City, Nashville and Philadelphia.

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BFI BurgerFi
$3.17 /

-0.005 (-0.16%)

11/23/21 BTIG
BurgerFi initiated with a Buy at BTIG
BFI BurgerFi
$3.17 /

-0.005 (-0.16%)

Conference/Events
BurgerFi management to meet virtually with BTIG » 04:55
05/25/22
05/25
04:55
05/25/22
04:55
BFI

BurgerFi

$3.03 /

+ (+0.00%)

Restaurant Analyst Saleh…

Restaurant Analyst Saleh holds a virtual company meeting with management.on May 25 hosted by BTIG.

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BFI BurgerFi
$3.03 /

+ (+0.00%)

11/23/21 BTIG
BurgerFi initiated with a Buy at BTIG
BFI BurgerFi
$3.03 /

+ (+0.00%)

Over a quarter ago
Conference/Events
BurgerFi management to meet virtually with BTIG » 11:36
05/17/22
05/17
11:36
05/17/22
11:36
BFI

BurgerFi

$2.96 /

+0.01 (+0.34%)

Restaurant Analyst Saleh…

Restaurant Analyst Saleh holds a virtual company meeting with management.on May 25 hosted by BTIG.

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BFI BurgerFi
$2.96 /

+0.01 (+0.34%)

11/23/21 BTIG
BurgerFi initiated with a Buy at BTIG
BFI BurgerFi
$2.96 /

+0.01 (+0.34%)

Earnings
BurgerFi sees 2022 revenue $180M-$190M » 07:36
05/16/22
05/16
07:36
05/16/22
07:36
BFI

BurgerFi

$3.00 /

+0.14 (+4.90%)

The Company acknowledges…

The Company acknowledges the challenges many in the industry are facing related to labor and food cost pressures, along with elevated economic uncertainty from a consumer perspective. With that, management is reiterating the following expectations for the full year 2022 and updating its expectations regarding capital expenditures as set forth below assuming the current economic environment does not change materially: Annual revenues of $180-190 million. Mid-single digit same-store sales growth. 15-20 new BurgerFi brand restaurant openings, most of which will be franchised locations. Adjusted EBITDA of $12-14 million. Capital expenditures are expected to be approximately $3-$4 million.

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BFI BurgerFi
$3.00 /

+0.14 (+4.90%)

11/23/21 BTIG
BurgerFi initiated with a Buy at BTIG
BFI BurgerFi
$3.00 /

+0.14 (+4.90%)

Earnings
BurgerFi reports Q1 revenue $44.9M vs. $10.9M last year » 07:35
05/16/22
05/16
07:35
05/16/22
07:35
BFI

BurgerFi

$3.00 /

+0.14 (+4.90%)

Reports Q1 net loss…

Reports Q1 net loss $13.56M vs. $8.2M last year, Reports SSS down 5%. Ophir Sternberg, Executive Chairman of BurgerFi, stated, "After a transformative year in 2021, we continued to effectively execute on our growth strategy in the first quarter of 2022 and remain well on track to deliver on our business targets for the fiscal year. We are pleased to have opened six new BurgerFi locations in the quarter positioning us to meet our growth target of 15-20 new BurgerFi locations in 2022. Further, we are encouraged by our performance as we grew our total revenues by more than 300% and drove over 200% in growth in adjusted EBITDA during the first quarter as compared to the prior year through the acquisition of Anthony's Coal Fired Pizza & Wings. I am excited about the synergies resulting from the acquisition by BurgerFi of Anthony's as it has provided access to greater competencies between the two brands and leadership teams and expanded our addressable market for future growth." Ian Baines, Chief Executive Officer of BurgerFi, added, "In the first quarter we built a solid foundation for growth for 2022. We saw a 20% growth in BurgerFi corporate restaurant sales driven by new store openings in the last year while, we continued to retain a significant portion of our digital sales. We were also very encouraged by the sales recovery in our Anthony's business, which produced year-over-year same-store sales growth of 13%. For the year, we are on track to achieve the previously guided $2.0 million in year cost synergies from the Anthony's transaction in November, and I am pleased to report that those synergies are expected to ramp up as we progress through 2022, which we expect will drive accelerated EBITDA in 2022. Despite the impact of the Omicron variant of COVID-19 in January, and the continued presence of labor and supply chain pressures, our expectations remain the same for the year and we are confident in reiterating our previous guidance for 2022. Given continued unit growth, our enhanced omni-channel customer experience, and anticipated cost savings, I believe we are on track for a fantastic 2022."

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BFI BurgerFi
$3.00 /

+0.14 (+4.90%)

11/23/21 BTIG
BurgerFi initiated with a Buy at BTIG
BFI BurgerFi
$3.00 /

+0.14 (+4.90%)

Earnings
BurgerFi sees 2022 revenue $180M-$190M, one est. $189.1M » 07:05
04/14/22
04/14
07:05
04/14/22
07:05
BFI

BurgerFi

$3.90 /

+0.13 (+3.45%)

The Company acknowledges…

The Company acknowledges the challenges many in the industry are facing, including shortages of materials and labor for construction and development, along with elevated economic uncertainty. With that, management is reiterating the following expectations for the full year 2022 assuming the current economic environment does not change materially: Annual revenues of $180-190M. Mid-single digit same-store sales growth. 15-20 new BurgerFi brand restaurant openings, most of which will be franchised locations. Adjusted EBITDA of $12-14M. Capital expenditures are expected to be approximately $4M.

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BFI BurgerFi
$3.90 /

+0.13 (+3.45%)

BFI BurgerFi
$3.90 /

+0.13 (+3.45%)

11/23/21 BTIG
BurgerFi initiated with a Buy at BTIG
BFI BurgerFi
$3.90 /

+0.13 (+3.45%)

Earnings
BurgerFi reports Q4 revenue $35.1M vs. $9.7M last year » 07:04
04/14/22
04/14
07:04
04/14/22
07:04
BFI

BurgerFi

$3.90 /

+0.13 (+3.45%)

Systemwide sales in the…

Systemwide sales in the fourth quarter of 2021 increased 23% to $40.7M compared to $33.2Mprior year period. Same store sales increased 5% and 7% in corporate-owned and franchised locations, respectively, and were supported by an increase in average check, resulting from the strong performance of new menu items such as the SWAG burger and price increases instituted towards the end of the second quarter. Net loss attributable to common shareholders in the fourth quarter was $117.3M compared to a net income attributable to common shareholders and controlling interests of $6M in the year-ago quarter. Ian Baines, Chief Executive Officer of BurgerFi, added, "The fourth quarter capped off a year of significant growth for BurgerFi. In the quarter, we initiated the integration of Anthony's into the BurgerFi system. The BurgerFi brand also performed strongly with a 23% growth in systemwide sales, driven primarily through new store openings and a 7% increase in same store sales. Of note, we retained nearly all of our digital channel sales when compared to peak COVID-19 levels, which is very encouraging. In 2022, we expect to realize $2 million in our first wave of cost synergies from the BurgerFi and Anthony's combination, with additional opportunity for 2023. We plan to expand access and convenience for our guests through continued investments in technological advancements, innovation and our digital ecosystem, accompanied by the 15 to 20 expected new BurgerFi brand restaurant openings we have planned for 2022. This unit growth and enhanced omni-channel customer experience, combined with the incredible food we offer should provide the foundation for an outstanding 2022."

ShowHide Related Items >><<
BFI BurgerFi
$3.90 /

+0.13 (+3.45%)

BFI BurgerFi
$3.90 /

+0.13 (+3.45%)

11/23/21 BTIG
BurgerFi initiated with a Buy at BTIG
BFI BurgerFi
$3.90 /

+0.13 (+3.45%)

Earnings
BurgerFi sees 2022 revenue $180M-$190M, one est. $210.3M » 07:32
01/10/22
01/10
07:32
01/10/22
07:32
BFI

BurgerFi

$5.81 /

+0.25 (+4.50%)

The impacts of Covid-19…

The impacts of Covid-19 are expected to continue to challenge our industry and our business and are reflected in the following preliminary outlook for BurgerFi in 2022: Total revenue for fiscal year 2022 is expected to be between $180 million - $190 million. Same store sales are assumed to modestly increase through 2022 representing a full year mid-single digit percentage increase. To offset the increased cost of food and labor continuing in our industry, both brands have implemented modest price increases that will go into effect in January of approximately 3% at BurgerFi and 2% at Anthony's. Also planned are 15 to 20 new restaurant openings throughout the year, mostly through new franchise locations. The Company has identified annualized G&A synergies of $1.5 million through the combination of the businesses, of which over half are planned to contribute to 2022 Adjusted EBITDA. Total Adjusted EBITDA for fiscal year 2022 is expected to be between $12 million - $14 million.

ShowHide Related Items >><<
BFI BurgerFi
$5.81 /

+0.25 (+4.50%)

BFI BurgerFi
$5.81 /

+0.25 (+4.50%)

11/23/21 BTIG
BurgerFi initiated with a Buy at BTIG
BFI BurgerFi
$5.81 /

+0.25 (+4.50%)

BFI BurgerFi
$5.81 /

+0.25 (+4.50%)

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