BurgerFi International, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 03, 2023
August 16, 2023 at 07:36 am EDT
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BurgerFi International, Inc. reported earnings results for the second quarter and six months ended July 03, 2023. For the second quarter, the company reported revenue was USD 43.43 million compared to USD 45.3 million a year ago. Net loss was USD 6 million compared to USD 60.38 million a year ago. Basic loss per share from continuing operations was USD 0.24 compared to USD 2.72 a year ago. Diluted loss per share from continuing operations was USD 0.24 compared to USD 2.72 a year ago.
For the six months, revenue was USD 89.15 million compared to USD 90.23 million a year ago. Net loss was USD 15.15 million compared to USD 73.94 million a year ago. Basic loss per share from continuing operations was USD 0.63 compared to USD 3.35 a year ago. Diluted loss per share from continuing operations was USD 0.63 compared to USD 3.35 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 offers its products under two brands, namely BurgerFi and Anthonyâs. BurgerFi offers a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine and more. BurgerFi uses American angus beef. The Anthonyâs is a pizza and wing brand that operates approximately 60 corporate-owned casual restaurant locations. The concept is centred 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 restaurants also feature a deep wine and craft beer selection. BurgerFi's menu also includes wagyu beef blend burgers, antibiotic and cage-free chicken offerings, and frozen custard shakes and concretes.
BURGERFI INTERNATIONAL, INC. 
