BurgerFi International, Inc. - BFI STOCK NEWS

BurgerFi International reported a 160% revenue growth to $178.7 million for the fiscal year 2022, driven by the acquisition of Anthony's Coal Fired Pizza & Wings. In Q4 2022, total revenue rose 29% to $45.2 million, but systemwide sales decreased by 2% to $71.6 million.

Despite a net loss of $26.2 million in Q4, an improvement from $117.3 million a year earlier, the company anticipates flat systemwide sales growth in 2023 and has outlined plans to open 15-20 new franchised restaurants.

BurgerFi International, Inc. (NASDAQ: BFI, BFIIW) will report its financial results for the fourth quarter and fiscal year ending January 2, 2023, on March 22, 2023, before market open. A conference call to discuss these results is scheduled for 8:30 a.m. ET that same day. BurgerFi, renowned for its high-quality dining through its brands BurgerFi and Anthony’s Coal Fired Pizza & Wings, operates 114 BurgerFi locations and 60 Anthony's locations, with a commitment to using fresh, all-natural ingredients. The company has received numerous accolades, including being named “The Very Best Burger” at the 2023 SOBE Wine and Food Festival.

On March 14, 2023, Anthony's Coal Fired Pizza & Wings, a subsidiary of BurgerFi International (Nasdaq: BFI, BFIIW), announced the launch of its new limited-time menu items: Mike's Hot Honey & Thick Cut Pepperoni Pizza and Hot Honey Wings. Available until April 24, these offerings feature high-quality ingredients, including fresh mozzarella and signature tomato sauce. Additionally, starting March 28, Anthony's will introduce an enhanced wine menu with 11 new selections. Anthony's is known for its commitment to quality and was named 'The Best Pizza Chain in America' by USA Today.

BurgerFi International (Nasdaq: BFI, BFIIW) has launched a new Mint Shake with Oreo, available at participating locations to celebrate spring and St. Patrick's Day. This limited-time shake features a mint-chocolate flavor profile, inspired by the popular mint-chip combination. Executives express confidence that it will appeal to customers, especially those seeking festive green treats during March. Established in 2011, BurgerFi is known for its chef-driven concept and commitment to using responsibly sourced ingredients. The company has received several accolades, including "Best Fast Casual Restaurant" in USA Today's 10Best 2022 Readers' Choice Awards.

BurgerFi International (NASDAQ: BFI, BFIIW) announced participation in J.P. Morgan’s Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 14, 2023. CEO Ian Baines and CFO Mike Rabinovitch will host a fireside chat at 1:30 p.m. Pacific Time. Additionally, they will conduct 1x1 investor meetings on the same day. The fireside chat will be live-streamed and available for replay on the Company’s Investor Relations website. BurgerFi operates 114 restaurants across its burger and pizza brands, including Anthony’s Coal Fired Pizza & Wings, which offers high-quality ingredients and was recognized as a leading pizza chain.

BurgerFi International Inc. (Nasdaq: BFI) has announced the addition of Udi's® gluten-free buns to its menu, available at all traditional restaurant locations starting March 1, 2023. This decision aligns with the increasing demand for gluten-free options, catering to an estimated 20 million Americans with gluten sensitivity. The gluten-free buns, which are dairy-free, soy-free, and nut-free, can be enjoyed with various burgers, including the BurgerFi Cheeseburger and The CEO. The company emphasizes its commitment to high-quality, all-natural ingredients and maintains a chef-driven concept to satisfy diverse dietary preferences.

BurgerFi International (NASDAQ: BFI, BFIIW) announced a significant increase in investment by its Executive Chairman, Ophir Sternberg, along with the management team and major investor, L Catterton. They purchased 1.5 million shares from an affiliate of L Catterton, establishing them as the largest shareholders. Additionally, L Catterton provided $5.1 million in financing, secured through a junior promissory note. This investment also led to an expansion of the BurgerFi Board of Directors and modifications to the Series A Preferred Stock to facilitate additional director nominations. The moves signify strong confidence in the company's growth potential.

BurgerFi International Inc. (Nasdaq: BFI) has launched the BBQ Rodeo Burger, available from February 21 to April 17, 2023. This new menu item combines Angus Beef with charred jalapeños, pepper jack cheese, crispy haystack onions, and Memphis BBQ sauce. The burger can be ordered in-store or via the BurgerFi app. The launch coincides with BurgerFi's participation in the South Beach Wine & Food Festival on February 23, 2023, where attendees can sample the new burger. BurgerFi is recognized for its commitment to quality, having received multiple accolades, including “Best Fast Casual Restaurant” for two consecutive years.