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BurgerFi International, Inc. - BFI STOCK NEWS

Welcome to our dedicated page for BurgerFi International news (Ticker: BFI), a resource for investors and traders seeking the latest updates and insights on BurgerFi International stock.

BurgerFi International, Inc. (NASDAQ: BFI) is a leading multi-brand restaurant company known for its development, marketing, and acquisition of fast-casual and premium-casual dining concepts worldwide. The company, which started its journey in Fort Lauderdale, Florida, has grown to operate approximately 114 BurgerFi restaurants, both corporate-owned and franchised, across the United States.

Specializing in a classic American menu, BurgerFi offers premium burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine, and more. The company places a strong emphasis on quality, with a commitment to using 100% Angus beef that is antibiotic-free and fresh, never frozen.

BurgerFi is not just about burgers; the company also owns Anthony's Coal Fired Pizza & Wings, a premium Italian pizza brand. Anthony's has gained recognition for its authentic Italian cuisine and recently participated in high-profile events like the 'Diners, Drive-Ins and Dives LIVE' hosted by Guy Fieri. The brand continues to innovate, bringing unique and authentic Italian experiences to its customers.

Financially, BurgerFi has shown resilience and adaptability. Despite industry challenges, the company has seen improvements in traffic and comp store sales, both at company-owned and franchised locations. According to Christopher Jones, the Chief Financial Officer, the BurgerFi concept is expected to generate positive same-store sales and EBITDA in the second half of 2024, with Anthony's delivering positive same-store sales and EBITDA throughout the year.

In terms of strategic initiatives, the company is currently undergoing a review process to explore potential strategic alternatives to enhance its prospects and ensure stable management. Despite liquidity challenges, the company has secured financial support to navigate through this period, highlighting the commitment of its leadership to drive efficiency and growth.

For those interested in franchising opportunities or finding a BurgerFi location near them, more information is available on their website: burgerfi.com/franchise/.

News

BurgerFi Celebrates Better Burger Lab Grand Opening in New York City

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BurgerFi® unveils Better Burger Lab™ in NYC with exclusive menu items and rewards for guests. CEO emphasizes unique dining experiences and innovation through real-time feedback.
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BurgerFi Reports Preliminary Unaudited Fourth Quarter and Fiscal Year 2023 Results

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BurgerFi International, Inc. reported preliminary unaudited financial results for the fourth quarter and fiscal year ended January 1, 2024, highlighting total revenue, systemwide sales, same-store sales, net loss, and adjusted EBITDA. Despite challenges, management is optimistic about the future and has implemented strategic priorities to drive growth and profitability.
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BurgerFi® Gets Saucy with HEINZ REMIX™ Debut

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BurgerFi International, Inc. introduces the HEINZ REMIX™ Machine at its Lauderdale-By-The-Sea location, allowing customers to create their own sauce combinations. This innovation aims to provide unique dining experiences for BurgerFi Fi-natics.
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BurgerFi to Report Fourth Quarter and Fiscal Year 2023 Financial Results on April 1, 2024

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BurgerFi International, Inc. will report financial results for the fourth quarter and fiscal year ended January 1, 2024, on April 1, 2024. The company will discuss the results in a conference call at 4:30 p.m. Eastern time on the same day.
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BurgerFi® To Debut Prime Rib Burger at South Beach Wine and Food Festival

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BurgerFi announces a new Prime Rib Burger for the South Beach Wine and Food Festival, with a 'Prime Day' promotion on February 28 offering a $6 burger with a Coca-Cola Freestyle purchase. The brand aims to defend its 'Best Burger' title at the SOBEWFF Burger Bash, showcasing their commitment to quality ingredients and culinary innovation.
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Anthony's Brings the Meatball Magic to South Beach Wine and Food Festival

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BurgerFi International's owned Anthony's Coal Fired Pizza & Wings is participating in 'Diners, Drive-Ins and Dives LIVE' event, offering exclusive Italian dishes. The event will showcase the brand's fresh ingredients and unique dining experiences at The Ritz-Carlton in Miami Beach. The company aims to bring an 'authentic Italian experience' to the attendees, including specialty dishes like spaghettini appetizer and meatball sliders.
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BurgerFi Shouts "Yes, Chef" With All-New Burger

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BurgerFi introduces the Yes, Chef Burger, inspired by a viral sensation and a scene from the movie 'The Menu'. The new offering features thinly sliced onions hand-smashed into a beef patty, two all-angus beef patties, chargrilled onions, and melted American cheese. The company aims to cater to the demands of their guests and provide a compelling experience for foodies. The Yes, Chef Burger will be available for dine-in, pickup, or delivery starting January 23, 2024.
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BurgerFi Provides Fiscal Year 2023 Business Update

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BurgerFi International, Inc. (NASDAQ: BFI, BFIIW) reported preliminary results for fiscal year 2023, set initial business outlook for fiscal year 2024 focusing on five key strategic initiatives. Preliminary outcomes for the fourth quarter 2023 include total revenue of approximately $42 million and consolidated systemwide restaurant sales of approximately $65 million. The company operated and franchised 168 total restaurants as of January 2, 2024, with plans to reopen a flagship, company-owned, BurgerFi in New York City.
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BurgerFi to Participate in the 26th Annual ICR Conference

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BurgerFi International, Inc. (NASDAQ: BFI, BFIIW) will participate in the 26th Annual ICR Conference. CEO Carl Bachmann and CFO Christopher Jones will host a fireside chat on January 9, 2024, at 10:30 a.m. Eastern Time. The chat will be webcast live and available for replay on the Company’s Investor Relations website at ir.burgerfi.com under ‘News & Events.’
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BurgerFi® and Anthony’s Coal Fired Pizza & Wings Celebrate Grand Opening of First-Ever Co-Branded Location in Kissimmee

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BurgerFi International, Inc. (BFI) announces the opening of the first-ever co-branded BurgerFi and Anthony's restaurant in Kissimmee, FL. The location will offer a limited-time menu, surprise giveaways, and a chance to win free BurgerFi or Anthony's for a year. The co-branded establishment is owned and operated by franchisee NDM Hospitality, marking the inaugural franchise site for Anthony's Coal Fired Pizza & Wings. The grand opening celebration is scheduled for December 18, 2023, at The Promenade at the Margaritaville Resort Orlando. The location will also host a Community Celebration Day on December 17, offering complimentary food from a limited menu. The restaurant will provide dine-in, takeout, and online ordering for pickup or delivery, open daily from 11:30 am to 10 pm (Sunday-Thursday) and 11:30 am to 11 pm (Friday-Saturday).
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FAQ

What is the current stock price of BurgerFi International (BFI)?

The current stock price of BurgerFi International (BFI) is $0.083 as of September 20, 2024.

What is the market cap of BurgerFi International (BFI)?

The market cap of BurgerFi International (BFI) is approximately 4.1M.

What does BurgerFi International, Inc. specialize in?

BurgerFi International, Inc. specializes in fast-casual and premium-casual dining, offering premium burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine, and more.

How many BurgerFi restaurants are there?

BurgerFi operates approximately 114 restaurants, including both corporate-owned and franchised locations.

What is Anthony's Coal Fired Pizza & Wings?

Anthony's Coal Fired Pizza & Wings is a premium Italian pizza brand owned by BurgerFi International, Inc., known for its authentic Italian cuisine.

What recent achievements has BurgerFi made?

BurgerFi has seen improvements in traffic and comp store sales and is expected to generate positive same-store sales and EBITDA in the second half of 2024.

What strategic initiatives is BurgerFi currently pursuing?

BurgerFi is undergoing a strategic review process to explore potential alternatives to enhance its prospects and ensure stable management, supported by financial backing from key investors.

How does BurgerFi ensure the quality of its food?

BurgerFi is committed to using 100% Angus beef that is antibiotic-free and fresh, never frozen, ensuring high-quality and delicious dining experiences.

Where did BurgerFi start its journey?

BurgerFi began its journey in Fort Lauderdale, Florida, and has since expanded nationally.

How can I find a BurgerFi location near me?

You can find BurgerFi locations and franchising opportunities on their website: http://burgerfi.com/franchise/.

What makes Anthony's Coal Fired Pizza & Wings unique?

Anthony's Coal Fired Pizza & Wings offers authentic Italian cuisine, featuring fresh ingredients imported from Italy and recipes inspired by its founder's family.

How is BurgerFi performing financially?

Despite industry challenges, BurgerFi has shown resilience with positive trends in traffic and comp store sales, and is expected to generate positive same-store sales and EBITDA in the second half of 2024.

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BurgerFi International, Inc.

Nasdaq:BFI

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BFI Stock Data

4.06M
27.40M
43.87%
19.72%
3.94%
Restaurants
Retail-eating Places
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United States of America
FORT LAUDERDALE