BurgerFi Q1 revenue $42.9M, net loss $6.5M; same-store sales down 13% at BurgerFi

BurgerFi International, Inc.

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

Total revenue $42.9M, down 6% YoY; net loss $6.5M ($0.24 per diluted share), improved from $9.2M loss in prior year.
Adjusted EBITDA fell to $0.3M from $2.6M in Q1 2023.
BurgerFi systemwide same-store sales declined 13%; Anthony's same-store sales down 2%.
Consolidated systemwide sales $66.0M, down 10% YoY; BurgerFi systemwide sales $33.4M (-17%).
Management cites challenging consumer environment and weather; notes sequential improvement in March.

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 the first quarter ended April 1, 2024 results: revenue $42.9 million, net income $6.5 million, EPS $(0.24) per diluted share.

Period: the first quarter ended April 1, 2024
Revenue: $42.9 million
Net income: $6.5 million
EPS: $(0.24) per diluted share
Result: reported results

Exact text from the filing

Highlights for the First Quarter 2024 • Total revenue was $42.9 million in the first quarter 2024 compared to $45.7 million in the prior period ◦ Consolidated systemwide sales decreased to $66.0 million compared to $73.4 million in the prior period ◦ Same-store sales decreased 2% at Anthony’s compared to the prior period ◦ Systemwide sales for BurgerFi decreased 17% to $33.4 million compared to the prior period ◦ Systemwide same-store sales decreased 13% at BurgerFi compared to the prior period • Hourly turnover continued to decline significantly from the sequential quarter, with Anthony’s and BurgerFi performing within industry benchmarks. Management turnover improved from the sequential quarter, with Anthony’s performing within industry benchmarks and BurgerFi continuing to approach industry benchmarks • Opened one BurgerFi franchised location and one corporate-owned flagship BurgerFi restaurant in New York City • Net loss decreased to $6.5 million, or $(0.24) per diluted share, comp

View on SEC.gov

1047 earnings releases filed in the last 30 days. Browse all earnings releases →

Source: SEC EDGAR

accession 0001723580-24-000020

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.