BurgerFi Q4 revenue falls 8% to $41.5M; net loss narrows to $10.6M

BurgerFi International, Inc.

2024-Q1 EPS reported -$0.24 revenue$42,879,000

Q4 total revenue $41.5M, down 8% YoY from $45.2M; systemwide sales $65.0M (-11%).
Net loss improved to $10.6M ($0.40 loss per share) from $26.2M ($1.18 loss) in prior year quarter.
Adjusted EBITDA declined to $0.7M from $2.6M in Q4 2022.
BurgerFi systemwide same-store sales down 10%; Anthony's corporate-owned same-store sales down 3%.
CEO cites challenging 2023 but sees early positive trends; March flat to slightly positive adjusting for Easter.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BurgerFi International, Inc. reported fiscal year ended January 1, 2024 results: revenue $170.1 million, net income Net loss improved to $30.7 million, EPS $(1.20) per diluted share.

Period: fiscal year ended January 1, 2024
Revenue: $170.1 million
Net income: Net loss improved to $30.7 million
EPS: $(1.20) per diluted share
Result: preliminary results

Exact text from the filing

Total revenue was $170.1 million in the fiscal year 2023 compared to $178.7 million in the fiscal year 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BurgerFi International, Inc. reported fourth quarter ended January 1, 2024 results: revenue $41.5 million, net income Net loss improved to $10.6 million, EPS $(0.40) per diluted share.

Period: fourth quarter ended January 1, 2024
Revenue: $41.5 million
Net income: Net loss improved to $10.6 million
EPS: $(0.40) per diluted share
Result: preliminary results

Exact text from the filing

today reported preliminary unaudited financial results for the fourth quarter and fiscal year ended January 1, 2024. Highlights for the Fourth Quarter 2023 1 • Total revenue was $41.5 million in the fourth quarter 2023 compared to $45.2 million in the fourth quarter 2022 ▪ Consolidated systemwide sales decreased to $65.0 million compared to $71.6 million in the prior

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Source: SEC EDGAR

accession 0001723580-24-000007

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