BurgerFi

BurgerFi Reports Preliminary Unaudited Fourth Quarter and Fiscal Year 2023 Results

Retrieved on: 
Monday, April 1, 2024
Digital, Sale, Acquisition, Same-store sales, Adjustment, Chain, Credit, Investment, Restaurant, Depreciation, GAAP, Calendar, BurgerFi, Video game

Restaurant-level operating expenses for the fourth quarter of 2023 were $34.5 million compared to $36.4 million in the fourth quarter of 2022.

Key Points: 
  • Restaurant-level operating expenses for the fourth quarter of 2023 were $34.5 million compared to $36.4 million in the fourth quarter of 2022.
  • For the BurgerFi brand, restaurant-level operating expenses, as a percentage of sales, increased 660 basis points for the fourth quarter of 2023, compared to the fourth quarter of 2022, primarily due to lower leverage on sales.
  • During the fourth quarter 2023, there were three franchised BurgerFi openings, five franchised BurgerFi closures and no corporate-owned Anthony's closures.
  • The Company will hold a conference call today to discuss its fourth quarter and fiscal year 2023 results.

BurgerFi to Report Fourth Quarter and Fiscal Year 2023 Financial Results on April 1, 2024

Retrieved on: 
Friday, March 29, 2024
BurgerFi

FORT LAUDERDALE, Fla., March 29, 2024 (GLOBE NEWSWIRE) -- BurgerFi International, Inc. (NASDAQ: BFI, BFIIW) (“BurgerFi”), owner of one of the nation’s leading fast-casual “better burger” dining concepts through the BurgerFi brand, and the high-quality, casual dining pizza brand under the name Anthony’s Coal Fired Pizza & Wings (“Anthony’s”), will report financial results for the fourth quarter and fiscal year ended January 1, 2024 on Monday, April 1, 2024 after the market closes.

Key Points: 
  • FORT LAUDERDALE, Fla., March 29, 2024 (GLOBE NEWSWIRE) -- BurgerFi International, Inc. (NASDAQ: BFI, BFIIW) (“BurgerFi”), owner of one of the nation’s leading fast-casual “better burger” dining concepts through the BurgerFi brand, and the high-quality, casual dining pizza brand under the name Anthony’s Coal Fired Pizza & Wings (“Anthony’s”), will report financial results for the fourth quarter and fiscal year ended January 1, 2024 on Monday, April 1, 2024 after the market closes.
  • Management will host a conference call at 4:30 p.m. Eastern time on the same day to discuss the results.
  • The conference call will be broadcast live and available for replay on the Company’s Investor Relations website at ir.burgerfi.com.
  • Please call the conference telephone number 5-10 minutes prior to the start time.

BurgerFi Celebrates Better Burger Lab Grand Opening in New York City

Retrieved on: 
Tuesday, April 2, 2024
Honey, Cheese, String interpolation, Heart, BurgerFi, Fast food

NEW YORK, April 2, 2024 /PRNewswire/ -- BurgerFi® is turning the Big Apple into the Big Burger as the brand reclaims its spot in the heart of New York City with the unveiling of its highly-anticipated Better Burger Lab™. Festivities complete with a DJ, giveaways, Amazon One Kiosk, and more. BurgerFi will transform guests into Fi-natics upon entering the Upper East Side location! 

Key Points: 
  • NEW YORK, April 2, 2024 /PRNewswire/ -- BurgerFi® is turning the Big Apple into the Big Burger as the brand reclaims its spot in the heart of New York City with the unveiling of its highly-anticipated Better Burger Lab™.
  • The grand opening celebration will kick off at 11 a.m., where the first 100 people will be entered to win a $5,000 BurgerFi gift card.
  • "The Better Burger Lab™ will be the launching pad for innovation we plan to introduce across our system.
  • The Better Burger Lab is the first of its kind for the brand, bringing guests a delicious and unique experience.

BurgerFi® Gets Saucy with HEINZ REMIX™ Debut

Retrieved on: 
Friday, March 29, 2024
Eating, Crave, Heinz, Ketchup, Sea, CMO, BurgerFi, Fast food

FORT LAUDERDALE, Fla., March 29, 2024 /PRNewswire/ -- BurgerFi®, owned by BurgerFi International, Inc., is taking part in the sauce revolution by being the first brand to debut the HEINZ REMIX™Machine at its 4343 N Ocean Blvd, Lauderdale-By-The-Sea, FL 33308 location. BurgerFi Fi-natics can be the first to create their very-own condiment concoctions with fresh-cut crispy, crunchier BurgerFi French fries, hand beer-battered onion rings and more.

Key Points: 
  • The HEINZ REMIX™ machine is the first-ever customizable and IoT-enabled digital sauce dispenser that allows consumers to personalize their own flavor creations.
  • With over 200 potential sauce combinations, HEINZ REMIX™ offers a range of "bases" – currently HEINZ Ketchup SIMPLY, HEINZ Ranch, HEINZ Mayo, and HEINZ BBQ Sauce.
  • BurgerFi and Heinz will launch four other HEINZ REMIX™Machines in the coming months at Delray Beach on West Atlantic Ave, Pembroke Pines in City Center, West Boca Raton in Uptown and West Palm Beach in Rosemary Square.
  • To learn more about BurgerFi, visit www.BurgerFi.com or download the BurgerFi app for Free Fresh-Cut Fries on your first order.

HOFFMAN REALTY LAUNCHES SALES FOR THE OAK AT WEST FALLS, THE NEWEST CONDOMINIUM COMING TO FALLS CHURCH

Retrieved on: 
Monday, March 4, 2024
Cream, Architecture, U.S. Route 66, Restaurant, Commons, BurgerFi, City, Associate, Interstate Highway System, Heart, Gold, The Oak, Relaxation, Dulles International Airport, LEED, Hoffman & Associates, Certification, Interstate 495, Coffee, Tysons, Virginia, LED, Interior design

FALLS CHURCH, Va., March 4, 2024 /PRNewswire/ --Today, Hoffman & Associates announced that its West Falls condominium, The Oak, is now selling. Located at 255 West Falls Station Boulevard in the northwest corner of the West Falls neighborhood, the 174,000-square-foot, 11-story building will offer 126 elevated condominium residences, along with inviting amenities and curated retail, as well as community, arts and civic space. The Oak will provide residents with modern, welcoming spaces filled with natural elements, connection to the dynamic West Falls community and the convenience of a location with unparalleled connectivity to the region.

Key Points: 
  • The Oak Offers Residents a Unique Living Experience in Falls Church with Modern Design, Inviting Amenities and Curated Retail Offerings in the Heart of the Vibrant West Falls Community
    FALLS CHURCH, Va., March 4, 2024 /PRNewswire/ --Today, Hoffman & Associates announced that its West Falls condominium, The Oak, is now selling.
  • One of the key characteristics that sets The Oak apart is the incredible connectivity that its location in the West Falls neighborhood provides.
  • This pedestrian-friendly area offers convenient access to bike paths, the West Falls Church Metrorail Station and Tysons Corner.
  • West Falls is the first component of a larger 40-acre community-focused development of the area between Leesburg Pike and the West Falls Church Metrorail Station.

BurgerFi® To Debut Prime Rib Burger at South Beach Wine and Food Festival

Retrieved on: 
Tuesday, February 20, 2024
Restaurant, BurgerFi, French onion dip, FIU, Tourism, Wine, Human, Hospitality, Fast food

FORT LAUDERDALE, Fla., Feb. 20, 2024 /PRNewswire/ -- BurgerFi®, owned by BurgerFi International, Inc. (Nasdaq: BFI, BFIIW) ("BurgerFi"), is ready for prime time at the South Beach Wine and Food Festival. The better burger brand is aiming to defend its crown of The Very Best Burger at SOBEWFF Burger Bash hosted by Rachel Ray on Thursday, February 22, 2024, with a brand-new Prime Rib Burger that will be unveiled at the competition. To celebrate the newest product launch, BurgerFi will hold a special "Prime Day" deal on February 28, 2024, with a $6 Prime Rib Burger with the purchase of a Coca-Cola Freestyle Beverage, at participating restaurants only.

Key Points: 
  • FORT LAUDERDALE, Fla., Feb. 20, 2024 /PRNewswire/ -- BurgerFi® , owned by BurgerFi International, Inc. (Nasdaq: BFI, BFIIW) ("BurgerFi"), is ready for prime time at the South Beach Wine and Food Festival.
  • The better burger brand is aiming to defend its crown of The Very Best Burger at SOBEWFF Burger Bash hosted by Rachel Ray on Thursday, February 22, 2024, with a brand-new Prime Rib Burger that will be unveiled at the competition.
  • By topping this premium beef with a high-quality prime rib and our chef-crafted sauces we have created a unique craveable better burger experience worthy of 'prime time.'"
  • The new Prime Rib Burger was developed in the new BurgerFi Better Burger Lab, where the culinary team perfected the recipe and made it competition-ready for the SOBEWFF Burger Bash.

BurgerFi Shouts "Yes, Chef" With All-New Burger

Retrieved on: 
Tuesday, January 23, 2024
Onion, BurgerFi, Menu, Cheese

FORT LAUDERDALE, Fla., Jan. 23, 2024 /PRNewswire/ -- Join us in a chorus of "Yes, Chef!" as BurgerFi®, the maestro of better burgers owned by BurgerFi International, Inc., introduces the Yes, Chef Burger. Guests will savor the simplicity of this viral savory sensation inspired by a scene from the movie "The Menu," starting on Tuesday, January 23, 2024.

Key Points: 
  • as BurgerFi® , the maestro of better burgers owned by BurgerFi International, Inc., introduces the Yes, Chef Burger.
  • The Yes, Chef Burger is a classic featuring two all-angus, never any antibiotic beef patties, with chargrilled onions, and melted American cheese.
  • Guests can indulge in these latest menu delights and relish other BurgerFi favorites for dine-in, pickup, or delivery, with easy online ordering available on the BurgerFi website and app.
  • To learn more about BurgerFi, visit www.BurgerFi.com or download the BurgerFi app for Free Fresh-Cut Fries on your first order.

BurgerFi Provides Fiscal Year 2023 Business Update

Retrieved on: 
Monday, January 8, 2024
POS, NDM, Depreciation, Conference, Restaurant, Consolidated, Sale, Acquisition, Holiday, Public expenditure, Same-store sales, Chain, Bachmann, Total, BurgerFi, Calendar, Feedback, Growth, Fast food

FORT LAUDERDALE, Fla., Jan. 08, 2024 (GLOBE NEWSWIRE) -- BurgerFi International, Inc. (NASDAQ: BFI, BFIIW) (“BurgerFi” or the “Company”), owner of the high-quality, casual dining pizza brand under the name Anthony’s Coal Fired Pizza & Wings (“Anthony’s”) and one of the nation’s leading fast-casual “better burger” dining concepts through the BurgerFi brand, today reported preliminary results for the fiscal year 2023 which ended on January 1, 2024. The Company also set its initial business outlook for fiscal year 2024 as it focuses on five key strategic initiatives.

Key Points: 
  • The Company also set its initial business outlook for fiscal year 2024 as it focuses on five key strategic initiatives.
  • Finally, later this month, BurgerFi will return to New York City with the grand reopening of our flagship, company-owned, BurgerFi restaurant and Better Burger Lab.”
    Christopher Jones, Chief Financial Officer of BurgerFi, noted, “We have started to see early signs of improvement across the business.
  • *The fourth quarter and fiscal year 2023 reporting periods for BurgerFi changed to a quarter 4-4-5 calendar with a 52-53 week fiscal year ending on the Monday nearest December 31 of each year to improve the alignment of financial and business processes following the acquisition of Anthony’s.
  • We have adjusted for differences arising from the different fiscal-period ends for the quarter and fiscal year 2023 when comparing to 2022.

BurgerFi to Participate in the 26th Annual ICR Conference

Retrieved on: 
Wednesday, January 3, 2024
Conference, BurgerFi

FORT LAUDERDALE, Fla., Jan. 03, 2024 (GLOBE NEWSWIRE) -- BurgerFi International, Inc. (NASDAQ: BFI, BFIIW) (“BurgerFi” or the “Company”), owner of the high-quality, casual dining pizza brand under the name Anthony’s Coal Fired Pizza & Wings (“Anthony’s”) and one of the nation’s leading fast-casual “better burger” dining concepts through the BurgerFi brand, today announced that management will participate in the 26th Annual ICR Conference.

Key Points: 
  • FORT LAUDERDALE, Fla., Jan. 03, 2024 (GLOBE NEWSWIRE) -- BurgerFi International, Inc. (NASDAQ: BFI, BFIIW) (“BurgerFi” or the “Company”), owner of the high-quality, casual dining pizza brand under the name Anthony’s Coal Fired Pizza & Wings (“Anthony’s”) and one of the nation’s leading fast-casual “better burger” dining concepts through the BurgerFi brand, today announced that management will participate in the 26th Annual ICR Conference.
  • Carl Bachmann, Chief Executive Officer, and Christopher Jones, Chief Financial Officer, will be hosting a fireside chat on Tuesday, January 9, 2024 at 10:30 a.m. Eastern Time.
  • The Company will also host 1x1 investor meetings and breakout sessions on January 8th - 9th.

PuroClean Partners with Local Businesses and Kids In Distress (KID) To Create Holiday Magic, Collects Hundreds of Toys for Donation

Retrieved on: 
Wednesday, December 27, 2023
Online, Pasta, Partner, Marketing, Holiday, KID, City, Season, BurgerFi, Love, Magic, Child, Toy

TAMARAC, Fla., Dec. 27, 2023 /PRNewswire/ -- PuroClean, a leading brand in property restoration and remediation throughout the country, has recently wrapped up their PuroClean Cares™: Season of Giving toy drive campaign. The brand and local business partners generously donated to Kids In Distress to help support struggling families throughout South Florida who are unable to afford high-cost items and toys for their children and loved ones. Kids In Distress, Inc. (KID) is a nationally accredited organization dedicated to preventing child abuse, preserving families, and treating children who have been abused and neglected.

Key Points: 
  • The brand and local business partners generously donated to Kids In Distress to help support struggling families throughout South Florida who are unable to afford high-cost items and toys for their children and loved ones.
  • Kids In Distress, Inc. (KID) is a nationally accredited organization dedicated to preventing child abuse, preserving families, and treating children who have been abused and neglected.
  • "We initiated this effort in hopes of bringing joy and cheer to our local communities this holiday season.
  • Partners include the owners and team members of the following local Southern Florida PuroClean locations; Ricardo Herdan, David Shiffman, Carlos Niemes, Joaquin Seminario, Kay Henriques and Hugo Urribarri.