BurgerFi International, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended January 01, 2024
April 01, 2024 at 04:12 pm EDT
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BurgerFi International, Inc. reported earnings results for the fourth quarter and full year ended January 01, 2024. For the fourth quarter, the company reported revenue was USD 41.47 million compared to USD 45.24 million a year ago. Net loss was USD 10.6 million compared to USD 26.16 million a year ago. Basic loss per share from continuing operations was USD 0.4 compared to USD 1.18 a year ago. Diluted loss per share from continuing operations was USD 0.4 compared to USD 1.18 a year ago.
For the full year, revenue was USD 170.1 million compared to USD 178.72 million a year ago. Net loss was USD 30.71 million compared to USD 103.43 million a year ago. Basic loss per share from continuing operations was USD 1.2 compared to USD 4.66 a year ago. Diluted loss per share from continuing operations was USD 1.2 compared to USD 4.66 a year ago.
BurgerFi International, Inc. is a multi-brand restaurant company. The Company develops, markets, and acquires fast-casual and premium-casual dining restaurant concepts around the world, including corporate-owned stores and franchises. The Company's segments include BurgerFi and Anthonyâs. BurgerFi is a fast-casual better burger concept with franchised and corporate-owned restaurants as offering burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine and more. Anthonyâs is a pizza and wing brand concept centered around a coal fired oven, and its menu offers pizza, coal fired chicken wings, homemade meatballs, and a variety of handcrafted sandwiches and salads. The pizzas are prepared using a coal fired oven to quickly seal in natural flavors while creating a lightly charred crust. It provides a differentiated offering among its casual dining peers driven by its coal fired oven, which enables the use of fresh, ingredients with quicker ticket times.
BURGERFI INTERNATIONAL, INC. 
