secwatch.observer — SEC 8-K summary
======================================

Issuer:     BurgerFi International, Inc. (—)
CIK:        0001723580
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001723580-24-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1723580/000172358024000020/0001723580-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1723580/000172358024000020/bfi-20240515.htm
  HTML page:      https://secwatch.observer/filing/0001723580-24-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer