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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/.
Imprint announced a partnership with BurgerFi International (Nasdaq: BFI, BFIIW) to launch the BurgerFi and Anthony's Coal Fired Pizza & Wings Visa Card. The card provides users with cashback rewards for orders made online or in-store, offering 3% cashback at participating locations and 1% on all other purchases. The first 200 sign-ups receive a $25 bonus. The card features no credit checks, interest, or fees. This collaboration aims to enhance customer loyalty and retention while minimizing payment processing costs.
HEINZ has launched the ‘Art of the Burger’ competition, inviting burger enthusiasts to create a unique burger masterpiece to be featured at BurgerFi locations. The contest runs until July 12, with a prize of
BurgerFi reported a remarkable 311% revenue growth in Q1 2022, reaching $44.9 million, driven by the acquisition of Anthony's Coal Fired Pizza & Wings. The company opened six new restaurants and aims for 15-20 new openings in 2022. Though total systemwide restaurant sales increased by 2%, same-store sales for BurgerFi decreased by 8%. Despite higher operational costs, adjusted EBITDA rose 213% to $2.3 million. The company reaffirms its 2022 guidance for revenues between $180-190 million and adjusted EBITDA of $12-14 million.
BurgerFi International, owner of BurgerFi and Anthony’s Coal Fired Pizza & Wings, will report Q1 financial results on May 16, 2022. Management will host a conference call at 4:30 p.m. ET to discuss outcomes. BurgerFi has 124 locations (97 franchised, 27 corporate) and is recognized for its commitment to quality food, including 100% American Angus Beef. Anthony's, acquired in November 2021, operates 61 corporate locations, known for coal-fired pizza and wings. For more information, please visit their investor relations website.
BurgerFi reported a remarkable 261% revenue increase to $35.1 million in Q4 2021, fueled by the acquisition of Anthony’s and new restaurant openings. For the full year, revenue surged 103% to $68.9 million, with systemwide sales rising 31%.
Despite the growth, the net loss attributable to common shareholders was $117.3 million in Q4 and $121.5 million for the year, largely due to non-cash impairment charges. Management expects $180-190 million in annual revenues for 2022 and plans to open 15-20 new locations.
BurgerFi International, Inc. (NASDAQ: BFI, BFIIW) will announce its financial results for the fourth quarter and full year ending December 31, 2021, on April 14, 2022, before market hours. A conference call is scheduled for 8:30 a.m. ET on the same day to discuss these results. BurgerFi continues to expand its presence with 118 BurgerFi locations and 61 Anthony’s Coal Fired Pizza & Wings restaurants. The company emphasizes high-quality ingredients, earning accolades like 'Best Fast Casual Restaurant' from USA Today.
BurgerFi has launched a 90-day pilot program partnering with Gopuff to introduce the "Fi on the Fly®" food truck in the Tallahassee area. This initiative, active from March 21, 2022, to June 18, 2022, allows late-night delivery of BurgerFi's menu, including A-grade burgers and cage-free chicken, between 7:00 p.m. and 3:00 a.m. To promote the service, new customers can enjoy $10 off their first two Gopuff orders. BurgerFi's expansion continues with over 15 new locations planned for 2022, following the acquisition of Anthony's Coal Fired Pizza in November 2021.
BurgerFi International (Nasdaq: BFI, BFIIW) announced its fiscal year 2021 revenue guidance of approximately $68 million, comprising $46 million from BurgerFi and $22 million from Anthony’s acquired in November 2021. Same-store sales increased by 5% in Q4 2021. For 2022, the company expects revenue between $180 million and $190 million, with same-store sales showing mid-single-digit percentage growth. BurgerFi plans 15 to 20 new openings and anticipates $12 million - $14 million in Adjusted EBITDA.
BurgerFi International (Nasdaq: BFI, BFIIW) announced its participation in the 2022 ICR Conference. CEO Ian Baines and CFO Mike Rabinovitch will lead a fireside chat on January 11, 2022, at 1:30 p.m. Eastern Time, accessible via a live webcast for 90 days. The company operates 116 BurgerFi locations and recently acquired Anthony's Coal Fired Pizza & Wings, enhancing its brand portfolio. BurgerFi is recognized for its commitment to quality, serving only fresh, antibiotic-free beef, and has received multiple accolades including QSR Magazine's Breakout Brand of 2020.
BurgerFi, a leading fast-casual restaurant chain, is enhancing the dining experience through innovative technologies in response to labor shortages and changing consumer preferences. Testing five new strategies, including in-car ordering via Mavi.io, the introduction of Patty the Robot for customer service, and QR code table ordering, the brand aims to improve efficiency and guest satisfaction. Additionally, BurgerFi operates 25 ghost kitchens and opened a hybrid food hall in Chicago, showcasing its commitment to growth and delivery options. Recognized as a top brand in the fast-casual sector, BurgerFi continues to focus on quality and innovation.
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