BurgerFi International, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 02, 2023
November 15, 2023 at 07:23 am EST
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BurgerFi International, Inc. reported earnings results for the third quarter and nine months ended October 02, 2023. For the third quarter, the company reported revenue was USD 39.48 million compared to USD 43.26 million a year ago. Net loss was USD 4.96 million compared to USD 3.33 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to USD 0.15 a year ago. Diluted loss per share from continuing operations was USD 0.19 compared to USD 0.15 a year ago.
For the nine months, revenue was USD 128.63 million compared to USD 133.48 million a year ago. Net loss was USD 20.11 million compared to USD 77.27 million a year ago. Basic loss per share from continuing operations was USD 0.8 compared to USD 3.49 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. 
