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.
This page contains historical news coverage for BurgerFi International Inc (BFI), a multi-brand fast-casual restaurant company that operated BurgerFi burger restaurants and Anthony's Coal Fired Pizza locations. The company filed for Chapter 11 bankruptcy in September 2024 and entered liquidation proceedings in March 2025 following a bankruptcy auction that sold its assets to separate buyers.
Historical news coverage documents BurgerFi's evolution from a fast-growing "better burger" chain to a publicly traded multi-brand restaurant operator and ultimately to bankruptcy. News articles tracked the company's 2020 SPAC merger that brought it to public markets, its 2021 acquisition of Anthony's Coal Fired Pizza for $156.6 million, and the mounting financial pressures that led to accelerating losses in 2024. Coverage includes quarterly earnings reports showing deteriorating financial performance, announcements of restaurant closures, delisting notifications from NASDAQ, and details of the bankruptcy proceedings.
For investors researching the BFI ticker or studying restaurant industry bankruptcies, this news archive provides essential context on the challenges facing fast-casual restaurant operators including rising labor and food costs, competitive pressures in the "better burger" segment, and the risks associated with SPAC transactions and debt-funded acquisitions. The archive also covers the eventual asset sales that separated the BurgerFi and Anthony's brands under new ownership while leaving shareholders in the publicly traded entity with worthless stock.
This historical news collection serves as a case study in restaurant industry dynamics, SPAC performance, and the operational challenges of managing multiple restaurant brands under one corporate structure. While BurgerFi International no longer operates, understanding its trajectory offers valuable lessons for investors evaluating other restaurant companies and SPAC transactions.
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.
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