Brief: Burgerfi Provides Fiscal Year 2023 Business Update

Burgerfi International

08/01/2024 12:09

Jan 8 (Reuters) - Burgerfi International Inc  BFI.O :
    * BURGERFI PROVIDES FISCAL YEAR 2023 BUSINESS UPDATE
    * SEES PRELIMINARY Q4 2023 TOTAL REVENUE OF APPROXIMATELY
$42
MILLION
    * SEES  Q4 2023 PRELIMINARY CONSOLIDATED SYSTEMWIDE
RESTAURANT
SALES OF APPROXIMATELY $65 MILLION
    * STARTED TO SEE EARLY SIGNS OF IMPROVEMENT ACROSS BUSINESS
    * SEES  PRELIMINARY FISCAL YEAR 2024 OUTLOOK TOTAL REVENUE
OF
APPROXIMATELY $170-$180 MILLION
    * EXPECT BURGERFI CONCEPT TO GENERATE POSITIVE SAME STORE
SALES
AND EBITDA IN SECOND HALF OF 2024
    * EXPECT FOR ANTHONY'S TO DELIVER POSITIVE SAME-STORE SALES
AND
EBITDA THROUGHOUT 2024
    * ALSO IN DISCUSSIONS WITH SEVERAL INTERESTED PARTIES FOR A
MULTI-UNIT ANTHONY'S FRANCHISE DEAL

Source text for Eikon:  ID:nGNX1hnMP 
Further company coverage:  BFI.O 

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