---
schema_version: "secwatch.filing_event.v1"
accession: "0001723580-24-000020"
form_type: "8-K"
ticker: null
cik: "0001723580"
company_name: "BurgerFi International, Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:27:16.475934+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001723580-24-000020
- form_type: 8-K
- cik: 0001723580
- company_name: BurgerFi International, Inc.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1723580/000172358024000020/0001723580-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1723580/000172358024000020/bfi-20240515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001723580-24-000020
- JSON: https://secwatch.observer/filing/0001723580-24-000020.json
- Plain text: https://secwatch.observer/filing/0001723580-24-000020.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1723580/000172358024000020/0001723580-24-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.