STOCK TITAN

BurgerFi International, Inc. Warrant - BFIIW STOCK NEWS

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

BurgerFi International Inc is a leading multi-brand restaurant company that develops, markets, and acquires fast-casual and premium-casual dining restaurant concepts worldwide. BurgerFi has around 114 restaurants offering a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine, and more. The company, starting in Fort Lauderdale by the sea, is now expanding nationally, catering to the growing demand for quality fast-casual dining experiences. BurgerFi's recent achievements, like unveiling the new Prime Rib Burger at the South Beach Wine and Food Festival, highlight their commitment to innovation and quality in the better burger industry. With a focus on using high-quality ingredients and creating unique flavor experiences, BurgerFi continues to delight customers with their exceptional products and dedication to excellence.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences earnings
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences earnings
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences
Rhea-AI Summary

BurgerFi International reported a strong third quarter, with total revenue increasing by 25% to $11.1 million. Systemwide sales grew 25% to $41.4 million, driven by new store openings and same-store sales growth of 7%. Corporate-owned restaurant sales surged 34%

Acquiring Anthony's Coal Fired Pizza & Wings for $156.6 million marks a significant milestone for growth. However, the company faced a net loss of $5 million, primarily due to costs associated with acquisitions and public company expenses.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

BurgerFi International Inc. (NASDAQ: BFI, BFIIW) will release its third-quarter financial results for the period ended September 30, 2021, on November 11, 2021, prior to market opening. A conference call will be held at 8:30 a.m. Eastern Time on the same day to discuss these results. The company operates 116 BurgerFi restaurants and recently acquired Anthony’s Coal Fired Pizza & Wings, which has 61 locations across eight states, enhancing its market presence.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences earnings
-
Rhea-AI Summary

BurgerFi International (Nasdaq: BFI, BFIIW) announces its acquisition of Anthony’s Coal Fired Pizza & Wings for $156.6 million, a strategic move to enhance its premium multi-brand platform. This acquisition adds 61 locations to BurgerFi's portfolio, bringing the total to 177 restaurants primarily on the Eastern seaboard. CEO Ian Baines will lead BurgerFi as part of this transition, indicating a strong alignment between the brands. The deal is expected to positively impact earnings per share (EPS) and EBITDA in 2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary

BurgerFi International has announced an agreement to acquire Anthony's Coal Fired Pizza & Wings for approximately $161.3 million. The deal involves $33.6 million in common stock, $53 million in junior non-convertible preferred equity, and the assumption of existing debt. The acquisition will expand BurgerFi's footprint to 177 restaurant locations across the U.S. and is expected to be accretive to EPS and EBITDA in 2022. L Catterton, the seller, will become a major shareholder post-acquisition, enhancing BurgerFi’s growth prospects.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags

FAQ

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

The current stock price of BurgerFi International Warrant (BFIIW) is $0.009 as of September 20, 2024.

What does BurgerFi International Inc specialize in?

BurgerFi is a leading multi-brand restaurant company that develops, markets, and acquires fast-casual and premium-casual dining restaurant concepts around the world.

Where did BurgerFi start its first location?

BurgerFi started its first location in Fort Lauderdale by the sea, and now it is rapidly expanding nationally.

What kind of menu does BurgerFi offer?

BurgerFi offers a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine, and more.

What recent achievement did BurgerFi celebrate at the South Beach Wine and Food Festival?

BurgerFi unveiled the new Prime Rib Burger at the South Beach Wine and Food Festival and aimed to defend its crown of The Very Best Burger.

What makes BurgerFi stand out among other fast-casual restaurants?

BurgerFi stands out by using high-quality ingredients and creating unique flavor experiences like the Prime Rib Burger, showcasing their commitment to innovation and quality in the better burger industry.

BurgerFi International, Inc. Warrant

Nasdaq:BFIIW

BFIIW Rankings

BFIIW Stock Data

27.04M
Restaurants
Retail-eating Places
Link
United States of America
FORT LAUDERDALE